UNIVERSITY 16 "D"
UNIVERSITY 16 "D" 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 32,367 barrels. 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 $199K, with roughly $38K 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 44 barrels a month. Its strongest month on the record we hold was May 2017, at 148 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 16 "D"
- Who operates UNIVERSITY 16 "D"?
- UNIVERSITY 16 "D" is operated by MGF Oil Corporation, Railroad Commission of Texas operator number 563320.
- Where is UNIVERSITY 16 "D"?
- UNIVERSITY 16 "D" is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 09831.
- Is UNIVERSITY 16 "D" still producing?
- UNIVERSITY 16 "D" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 16 "D" is August 2026.
- How much has UNIVERSITY 16 "D" produced?
- UNIVERSITY 16 "D" has reported 32,367 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is UNIVERSITY 16 "D" worth?
- The remaining production from UNIVERSITY 16 "D" is estimated to be worth about $199K in total as of 26 August 2026, within a range of $110K to $289K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 16 "D" is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 16 "D" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 16 "D" is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 16 "D" generate in a year?
- UNIVERSITY 16 "D" is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 16 "D" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | MGF Oil Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 09831 |
| Wellbores | 1 |
| Reported production | 32,367 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $199K |
Where UNIVERSITY 16 "D" 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.