UNIVERSITY 7-31
UNIVERSITY 7-31 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Chesapeake Operating, Inc. It has 4 wellbores on file with the Commission. Reported production runs from April 2008 to August 2026, totalling 196,121 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $23K, with roughly $4K expected over the next twelve months.
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 38752 |
| Wellbores | 4 |
| Reported production | 196,121 bbl |
| First reported | April 2008 |
| Last reported | August 2026 |
| Estimated royalty value | $23K |
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.