UNIVERSITY IR1513 UNIT
UNIVERSITY IR1513 UNIT is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ica Energy Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from September 2000 to August 2026, totalling 38,056 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 $204K, with roughly $39K 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 51 barrels a month. Its strongest month on the record we hold was May 2017, at 88 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 IR1513 UNIT
- Who operates UNIVERSITY IR1513 UNIT?
- UNIVERSITY IR1513 UNIT is operated by Ica Energy Operating, L.L.C., Railroad Commission of Texas operator number 421777.
- Where is UNIVERSITY IR1513 UNIT?
- UNIVERSITY IR1513 UNIT is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36508.
- Is UNIVERSITY IR1513 UNIT still producing?
- UNIVERSITY IR1513 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY IR1513 UNIT is August 2026.
- How much has UNIVERSITY IR1513 UNIT produced?
- UNIVERSITY IR1513 UNIT has reported 38,056 barrels of oil (bbl) to the Railroad Commission of Texas between September 2000 and August 2026, from 1 wellbore.
- How much is UNIVERSITY IR1513 UNIT worth?
- The remaining production from UNIVERSITY IR1513 UNIT is estimated to be worth about $204K in total as of 26 August 2026, within a range of $112K to $295K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY IR1513 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY IR1513 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY IR1513 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY IR1513 UNIT generate in a year?
- UNIVERSITY IR1513 UNIT is forecast to net about $39K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY IR1513 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ica Energy Operating, L.L.C. |
|---|---|
| Field | Fullerton |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 36508 |
| Wellbores | 1 |
| Reported production | 38,056 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $204K |
Where UNIVERSITY IR1513 UNIT 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.