UNIVERSITY 48-5
UNIVERSITY 48-5 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by 3-M Energy Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 14,257 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 $14K, with roughly $3K 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 4 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was December 2019, at 78 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 48-5
- Who operates UNIVERSITY 48-5?
- UNIVERSITY 48-5 is operated by 3-M Energy Corporation, Railroad Commission of Texas operator number 953706.
- Where is UNIVERSITY 48-5?
- UNIVERSITY 48-5 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 13135.
- Is UNIVERSITY 48-5 still producing?
- UNIVERSITY 48-5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 48-5 is August 2026.
- How much has UNIVERSITY 48-5 produced?
- UNIVERSITY 48-5 has reported 14,257 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is UNIVERSITY 48-5 worth?
- The remaining production from UNIVERSITY 48-5 is estimated to be worth about $14K in total as of 26 August 2026, within a range of $0 to $27K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 48-5 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 48-5 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 48-5 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 48-5 generate in a year?
- UNIVERSITY 48-5 is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 48-5 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 3-M Energy Corporation |
|---|---|
| Field | Price (Grayburg) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 13135 |
| Wellbores | 2 |
| Reported production | 14,257 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where UNIVERSITY 48-5 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.