UNIVERSITY FRANCES
UNIVERSITY FRANCES is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Summit Petroleum LLC. It has 9 wellbores on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 287,470 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 $1.0M, with roughly $193K 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 239 barrels a month, about 27 per wellbore. Its strongest month on the record we hold was January 2017, at 1,466 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 FRANCES
- Who operates UNIVERSITY FRANCES?
- UNIVERSITY FRANCES is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is UNIVERSITY FRANCES?
- UNIVERSITY FRANCES is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40775.
- Is UNIVERSITY FRANCES still producing?
- UNIVERSITY FRANCES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY FRANCES is August 2026.
- How much has UNIVERSITY FRANCES produced?
- UNIVERSITY FRANCES has reported 287,470 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 9 wellbores.
- How much is UNIVERSITY FRANCES worth?
- The remaining production from UNIVERSITY FRANCES is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $808K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY FRANCES is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY FRANCES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY FRANCES is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY FRANCES generate in a year?
- UNIVERSITY FRANCES is forecast to net about $193K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY FRANCES 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 | 40775 |
| Wellbores | 9 |
| Reported production | 287,470 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where UNIVERSITY FRANCES 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.