UNIVERSITY 16C
UNIVERSITY 16C is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Mgf Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 40,517 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 $3K, with roughly $527 expected over the next twelve months.
| Operator | Mgf Oil Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 09247 |
| Wellbores | 1 |
| Reported production | 40,517 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $3K |
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.