UNIVERSITY 15 "C"
UNIVERSITY 15 "C" is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Rust Oil Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 17,140 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 $73K, with roughly $14K 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 18 barrels a month. Its strongest month on the record we hold was September 2016, at 28 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 15 "C"
- Who operates UNIVERSITY 15 "C"?
- UNIVERSITY 15 "C" is operated by Rust Oil Corp., Railroad Commission of Texas operator number 737890.
- Where is UNIVERSITY 15 "C"?
- UNIVERSITY 15 "C" is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 23920.
- Is UNIVERSITY 15 "C" still producing?
- UNIVERSITY 15 "C" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 15 "C" is August 2026.
- How much has UNIVERSITY 15 "C" produced?
- UNIVERSITY 15 "C" has reported 17,140 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is UNIVERSITY 15 "C" worth?
- The remaining production from UNIVERSITY 15 "C" is estimated to be worth about $73K in total as of 26 August 2026, within a range of $40K to $106K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 15 "C" is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 15 "C" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 15 "C" is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 15 "C" generate in a year?
- UNIVERSITY 15 "C" is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 15 "C" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rust Oil Corp. |
|---|---|
| Field | Fullerton (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 23920 |
| Wellbores | 1 |
| Reported production | 17,140 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $73K |
Where UNIVERSITY 15 "C" 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.