UNIVERSITY CR 31-19 LB
UNIVERSITY CR 31-19 LB 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 December 2025 to August 2026, totalling 47,603 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 $18.3M, with roughly $5.6M 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 8,529 barrels a month. Its strongest month on the record we hold was January 2026, at 14,124 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 CR 31-19 LB
- Who operates UNIVERSITY CR 31-19 LB?
- UNIVERSITY CR 31-19 LB is operated by RP Operating, L.L.C., Railroad Commission of Texas operator number 732229.
- Where is UNIVERSITY CR 31-19 LB?
- UNIVERSITY CR 31-19 LB is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23502.
- Is UNIVERSITY CR 31-19 LB still producing?
- UNIVERSITY CR 31-19 LB is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY CR 31-19 LB is August 2026.
- How much has UNIVERSITY CR 31-19 LB produced?
- UNIVERSITY CR 31-19 LB has reported 47,603 barrels of oil (bbl) to the Railroad Commission of Texas between December 2025 and August 2026, from 1 wellbore.
- How much is UNIVERSITY CR 31-19 LB worth?
- The remaining production from UNIVERSITY CR 31-19 LB is estimated to be worth about $18.3M in total as of 26 August 2026, within a range of $15.2M to $21.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY CR 31-19 LB is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY CR 31-19 LB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY CR 31-19 LB is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY CR 31-19 LB generate in a year?
- UNIVERSITY CR 31-19 LB is forecast to net about $5.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY CR 31-19 LB 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 | 23502 |
| Wellbores | 1 |
| Reported production | 47,603 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18.3M |
Where UNIVERSITY CR 31-19 LB 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.