UNIVERSITY LANDS 45
UNIVERSITY LANDS 45 is a Texas gas lease in Edwards County, Railroad Commission district 01, operated by Marshall & Winston, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 1998 to August 2026, totalling 2,530,331 thousand cubic feet. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $908, with roughly $312 expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 214 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,802 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about UNIVERSITY LANDS 45
- Who operates UNIVERSITY LANDS 45?
- UNIVERSITY LANDS 45 is operated by Marshall & Winston, Inc., Railroad Commission of Texas operator number 527850.
- Where is UNIVERSITY LANDS 45?
- UNIVERSITY LANDS 45 is a Texas gas lease in Edwards County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 167366.
- Is UNIVERSITY LANDS 45 still producing?
- UNIVERSITY LANDS 45 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY LANDS 45 is August 2026.
- How much has UNIVERSITY LANDS 45 produced?
- UNIVERSITY LANDS 45 has reported 2,530,331 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1998 and August 2026, from 1 wellbore.
- How much is UNIVERSITY LANDS 45 worth?
- The remaining production from UNIVERSITY LANDS 45 is estimated to be worth about $908 in total as of 26 August 2026, within a range of $708 to $1K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY LANDS 45 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY LANDS 45 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY LANDS 45 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY LANDS 45 generate in a year?
- UNIVERSITY LANDS 45 is forecast to net about $312 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY LANDS 45 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marshall & Winston, Inc. |
|---|---|
| Field | Frances Hill (Penn, Lower) |
| County | Edwards County, Texas |
| RRC district | 01 |
| Lease number | 167366 |
| Wellbores | 1 |
| Reported production | 2,530,331 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $908 |
Where UNIVERSITY LANDS 45 sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.