UNIVERSITY 32-2
UNIVERSITY 32-2 is a Texas gas lease in Crockett County, Railroad Commission district 7C, operated by Thompson, J. Cleo. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 367,243 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 $43K, with roughly $14K 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 838 thousand cubic feet a month. Its strongest month on the record we hold was May 2021, at 1,626 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 32-2
- Who operates UNIVERSITY 32-2?
- UNIVERSITY 32-2 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is UNIVERSITY 32-2?
- UNIVERSITY 32-2 is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 109551.
- Is UNIVERSITY 32-2 still producing?
- UNIVERSITY 32-2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 32-2 is August 2026.
- How much has UNIVERSITY 32-2 produced?
- UNIVERSITY 32-2 has reported 367,243 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is UNIVERSITY 32-2 worth?
- The remaining production from UNIVERSITY 32-2 is estimated to be worth about $43K in total as of 26 August 2026, within a range of $34K to $52K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 32-2 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 32-2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 32-2 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 32-2 generate in a year?
- UNIVERSITY 32-2 is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 32-2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | University 31 (Strawn-Detrital) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 109551 |
| Wellbores | 1 |
| Reported production | 367,243 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $43K |
Where UNIVERSITY 32-2 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.