UNIVERSITY JD
UNIVERSITY JD is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 181,722 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 $1.1M, with roughly $255K 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 314 barrels a month, about 157 per wellbore. Its strongest month on the record we hold was December 2020, at 472 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 JD
- Who operates UNIVERSITY JD?
- UNIVERSITY JD is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is UNIVERSITY JD?
- UNIVERSITY JD is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31531.
- Is UNIVERSITY JD still producing?
- UNIVERSITY JD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY JD is August 2026.
- How much has UNIVERSITY JD produced?
- UNIVERSITY JD has reported 181,722 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is UNIVERSITY JD worth?
- The remaining production from UNIVERSITY JD is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $856K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY JD is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY JD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY JD is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY JD generate in a year?
- UNIVERSITY JD is forecast to net about $255K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY JD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Bakke (Penn.) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 31531 |
| Wellbores | 2 |
| Reported production | 181,722 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where UNIVERSITY JD 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.