UNIVERSITY 9-31
UNIVERSITY 9-31 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Sable Permian Resources, LLC. It has 13 wellbores on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 974,731 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 $25.0M, with roughly $6.1M 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 8,089 barrels a month, about 622 per wellbore. Its strongest month on the record we hold was March 2020, at 29,578 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 9-31
- Who operates UNIVERSITY 9-31?
- UNIVERSITY 9-31 is operated by Sable Permian Resources, LLC, Railroad Commission of Texas operator number 742251.
- Where is UNIVERSITY 9-31?
- UNIVERSITY 9-31 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20684.
- Is UNIVERSITY 9-31 still producing?
- UNIVERSITY 9-31 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 9-31 is August 2026.
- How much has UNIVERSITY 9-31 produced?
- UNIVERSITY 9-31 has reported 974,731 barrels of oil (bbl) to the Railroad Commission of Texas between March 2020 and August 2026, from 13 wellbores.
- How much is UNIVERSITY 9-31 worth?
- The remaining production from UNIVERSITY 9-31 is estimated to be worth about $25.0M in total as of 26 August 2026, within a range of $20.8M to $29.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 9-31 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 9-31 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 9-31 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 9-31 generate in a year?
- UNIVERSITY 9-31 is forecast to net about $6.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 9-31 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sable Permian Resources, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 20684 |
| Wellbores | 13 |
| Reported production | 974,731 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $25.0M |
Where UNIVERSITY 9-31 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.