RICE, W. M. UNIVERSITY UNIT
RICE, W. M. UNIVERSITY UNIT is a Texas gas lease in Hardin County, Railroad Commission district 03, operated by Sanchez Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from September 2006 to August 2026, totalling 5,552,628 thousand cubic feet. The lease is currently producing. 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 $1.8M, with roughly $317K 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 8,917 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 19,705 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RICE, W. M. UNIVERSITY UNIT
- Who operates RICE, W. M. UNIVERSITY UNIT?
- RICE, W. M. UNIVERSITY UNIT is operated by Sanchez Oil & Gas Corporation, Railroad Commission of Texas operator number 747012.
- Where is RICE, W. M. UNIVERSITY UNIT?
- RICE, W. M. UNIVERSITY UNIT is a Texas gas lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 224206.
- Is RICE, W. M. UNIVERSITY UNIT still producing?
- RICE, W. M. UNIVERSITY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICE, W. M. UNIVERSITY UNIT is August 2026.
- How much has RICE, W. M. UNIVERSITY UNIT produced?
- RICE, W. M. UNIVERSITY UNIT has reported 5,552,628 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2006 and August 2026, from 1 wellbore.
- How much is RICE, W. M. UNIVERSITY UNIT worth?
- The remaining production from RICE, W. M. UNIVERSITY UNIT is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.5M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICE, W. M. UNIVERSITY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RICE, W. M. UNIVERSITY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICE, W. M. UNIVERSITY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RICE, W. M. UNIVERSITY UNIT generate in a year?
- RICE, W. M. UNIVERSITY UNIT is forecast to net about $317K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICE, W. M. UNIVERSITY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sanchez Oil & Gas Corporation |
|---|---|
| Field | Village Mills Deep (WX 12000) |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 224206 |
| Wellbores | 1 |
| Reported production | 5,552,628 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where RICE, W. M. UNIVERSITY UNIT 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.