UNIVERSITY LANDS 224
UNIVERSITY LANDS 224 is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Triple Crown Resources, LLC. It has 13 wellbores on file with the Commission. Reported production runs from January 2023 to August 2026, totalling 736,220 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 $29.0M, with roughly $12.5M 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 24,265 barrels a month, about 1,867 per wellbore. Its strongest month on the record we hold was July 2023, at 62,261 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 LANDS 224
- Who operates UNIVERSITY LANDS 224?
- UNIVERSITY LANDS 224 is operated by Triple Crown Resources, LLC, Railroad Commission of Texas operator number 870372.
- Where is UNIVERSITY LANDS 224?
- UNIVERSITY LANDS 224 is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21912.
- Is UNIVERSITY LANDS 224 still producing?
- UNIVERSITY LANDS 224 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY LANDS 224 is August 2026.
- How much has UNIVERSITY LANDS 224 produced?
- UNIVERSITY LANDS 224 has reported 736,220 barrels of oil (bbl) to the Railroad Commission of Texas between January 2023 and August 2026, from 13 wellbores.
- How much is UNIVERSITY LANDS 224 worth?
- The remaining production from UNIVERSITY LANDS 224 is estimated to be worth about $29.0M in total as of 26 August 2026, within a range of $23.8M to $34.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY LANDS 224 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY LANDS 224 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY LANDS 224 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY LANDS 224 generate in a year?
- UNIVERSITY LANDS 224 is forecast to net about $12.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY LANDS 224 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Triple Crown Resources, LLC |
|---|---|
| Field | Lin (Wolfcamp) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 21912 |
| Wellbores | 13 |
| Reported production | 736,220 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $29.0M |
Where UNIVERSITY LANDS 224 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.