UNIVERSITY 23-26 D
UNIVERSITY 23-26 D is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Civitas Permian Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2024 to August 2026, totalling 176,617 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 $26.0M, with roughly $5.8M 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 8,066 barrels a month, about 4,033 per wellbore. Its strongest month on the record we hold was September 2024, at 13,581 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 23-26 D
- Who operates UNIVERSITY 23-26 D?
- UNIVERSITY 23-26 D is operated by Civitas Permian Operating, LLC, Railroad Commission of Texas operator number 101577.
- Where is UNIVERSITY 23-26 D?
- UNIVERSITY 23-26 D is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22918.
- Is UNIVERSITY 23-26 D still producing?
- UNIVERSITY 23-26 D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 23-26 D is August 2026.
- How much has UNIVERSITY 23-26 D produced?
- UNIVERSITY 23-26 D has reported 176,617 barrels of oil (bbl) to the Railroad Commission of Texas between August 2024 and August 2026, from 2 wellbores.
- How much is UNIVERSITY 23-26 D worth?
- The remaining production from UNIVERSITY 23-26 D is estimated to be worth about $26.0M in total as of 26 August 2026, within a range of $21.6M to $30.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 23-26 D is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 23-26 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 23-26 D is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 23-26 D generate in a year?
- UNIVERSITY 23-26 D is forecast to net about $5.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 23-26 D receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Civitas Permian Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 22918 |
| Wellbores | 2 |
| Reported production | 176,617 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $26.0M |
Where UNIVERSITY 23-26 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.