UNIVERSITY 31-34E
UNIVERSITY 31-34E 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 583,608 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 $34K, with roughly $10K 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 628 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 1,308 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 31-34E
- Who operates UNIVERSITY 31-34E?
- UNIVERSITY 31-34E is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is UNIVERSITY 31-34E?
- UNIVERSITY 31-34E is a Texas gas lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 143210.
- Is UNIVERSITY 31-34E still producing?
- UNIVERSITY 31-34E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 31-34E is August 2026.
- How much has UNIVERSITY 31-34E produced?
- UNIVERSITY 31-34E has reported 583,608 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 31-34E worth?
- The remaining production from UNIVERSITY 31-34E is estimated to be worth about $34K in total as of 26 August 2026, within a range of $27K to $42K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 31-34E is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 31-34E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 31-34E is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 31-34E generate in a year?
- UNIVERSITY 31-34E is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 31-34E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Ozona (Canyon Sand) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 143210 |
| Wellbores | 1 |
| Reported production | 583,608 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $34K |
Where UNIVERSITY 31-34E 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.