UNIVERSITY 38-40
UNIVERSITY 38-40 is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Sem Operating Company Llc. It has 14 wellbores on file with the Commission. Reported production runs from December 2017 to August 2026, totalling 2,356,521 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 $557K, with roughly $177K expected over the next twelve months.
| Operator | Sem Operating Company Llc |
|---|---|
| Field | Lin (Wolfcamp) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 19775 |
| Wellbores | 14 |
| Reported production | 2,356,521 bbl |
| First reported | December 2017 |
| Last reported | August 2026 |
| Estimated royalty value | $557K |
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.