UNIVERSITY -11-

UNIVERSITY -11- is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Smc Oil & Gas, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 32,467 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $7K, with roughly $1K expected over the next twelve months.

OperatorSmc Oil & Gas, Inc.
FieldFarmer (San Andres)
CountyReagan County, Texas
RRC district7C
Lease number08016
Wellbores4
Reported production32,467 bbl
First reportedJanuary 1993
Last reportedAugust 2026
Estimated royalty value$7K

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.