UNIVERSITY RUTH
UNIVERSITY RUTH is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Summit Petroleum LLC. It has 8 wellbores on file with the Commission. Reported production runs from May 2010 to August 2026, totalling 357,684 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 $170K, with roughly $115K 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 312 barrels a month, about 39 per wellbore. Its strongest month on the record we hold was October 2017, at 3,220 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 RUTH
- Who operates UNIVERSITY RUTH?
- UNIVERSITY RUTH is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is UNIVERSITY RUTH?
- UNIVERSITY RUTH is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40164.
- Is UNIVERSITY RUTH still producing?
- UNIVERSITY RUTH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY RUTH is August 2026.
- How much has UNIVERSITY RUTH produced?
- UNIVERSITY RUTH has reported 357,684 barrels of oil (bbl) to the Railroad Commission of Texas between May 2010 and August 2026, from 8 wellbores.
- How much is UNIVERSITY RUTH worth?
- The remaining production from UNIVERSITY RUTH is estimated to be worth about $170K in total as of 26 August 2026, within a range of $133K to $208K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY RUTH is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY RUTH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY RUTH is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY RUTH generate in a year?
- UNIVERSITY RUTH is forecast to net about $115K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY RUTH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 40164 |
| Wellbores | 8 |
| Reported production | 357,684 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $170K |
Where UNIVERSITY RUTH 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.