UNIVERSITY D 31-19 UB
UNIVERSITY D 31-19 UB is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by RP Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from October 2024 to August 2026, totalling 38,825 barrels. The lease is intermittent. 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 $12.6M, with roughly $2.8M 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 2,761 barrels a month. Its strongest month on the record we hold was January 2026, at 9,302 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 D 31-19 UB
- Who operates UNIVERSITY D 31-19 UB?
- UNIVERSITY D 31-19 UB is operated by RP Operating, L.L.C., Railroad Commission of Texas operator number 732229.
- Where is UNIVERSITY D 31-19 UB?
- UNIVERSITY D 31-19 UB is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23049.
- Is UNIVERSITY D 31-19 UB still producing?
- UNIVERSITY D 31-19 UB is intermittent. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY D 31-19 UB is August 2026.
- How much has UNIVERSITY D 31-19 UB produced?
- UNIVERSITY D 31-19 UB has reported 38,825 barrels of oil (bbl) to the Railroad Commission of Texas between October 2024 and August 2026, from 1 wellbore.
- How much is UNIVERSITY D 31-19 UB worth?
- The remaining production from UNIVERSITY D 31-19 UB is estimated to be worth about $12.6M in total as of 26 August 2026, within a range of $10.5M to $14.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY D 31-19 UB is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY D 31-19 UB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY D 31-19 UB is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY D 31-19 UB generate in a year?
- UNIVERSITY D 31-19 UB is forecast to net about $2.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY D 31-19 UB receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | RP Operating, L.L.C. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 23049 |
| Wellbores | 1 |
| Reported production | 38,825 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.6M |
Where UNIVERSITY D 31-19 UB 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.