UNIVERSITY #1
UNIVERSITY #1 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ewt Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,007 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 $125K, with roughly $24K 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 32 barrels a month. Its strongest month on the record we hold was December 2018, at 92 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 #1
- Who operates UNIVERSITY #1?
- UNIVERSITY #1 is operated by Ewt Operating Company, Railroad Commission of Texas operator number 256780.
- Where is UNIVERSITY #1?
- UNIVERSITY #1 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20603.
- Is UNIVERSITY #1 still producing?
- UNIVERSITY #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY #1 is August 2026.
- How much has UNIVERSITY #1 produced?
- UNIVERSITY #1 has reported 21,007 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is UNIVERSITY #1 worth?
- The remaining production from UNIVERSITY #1 is estimated to be worth about $125K in total as of 27 August 2026, within a range of $69K to $182K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY #1 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY #1 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY #1 generate in a year?
- UNIVERSITY #1 is forecast to net about $24K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ewt Operating Company |
|---|---|
| Field | Mcfarland, Se. (Queen) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 20603 |
| Wellbores | 1 |
| Reported production | 21,007 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $125K |
Where UNIVERSITY #1 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.