UNIVERSITY 1-16
UNIVERSITY 1-16 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Wilbanks Reserve Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2017 to August 2026, totalling 12,488 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 $937K, with roughly $152K 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 101 barrels a month. Its strongest month on the record we hold was January 2025, at 236 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 1-16
- Who operates UNIVERSITY 1-16?
- UNIVERSITY 1-16 is operated by Wilbanks Reserve Corporation, Railroad Commission of Texas operator number 923105.
- Where is UNIVERSITY 1-16?
- UNIVERSITY 1-16 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49635.
- Is UNIVERSITY 1-16 still producing?
- UNIVERSITY 1-16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 1-16 is August 2026.
- How much has UNIVERSITY 1-16 produced?
- UNIVERSITY 1-16 has reported 12,488 barrels of oil (bbl) to the Railroad Commission of Texas between December 2017 and August 2026, from 1 wellbore.
- How much is UNIVERSITY 1-16 worth?
- The remaining production from UNIVERSITY 1-16 is estimated to be worth about $937K in total as of 27 August 2026, within a range of $731K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 1-16 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 1-16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 1-16 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 1-16 generate in a year?
- UNIVERSITY 1-16 is forecast to net about $152K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 1-16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wilbanks Reserve Corporation |
|---|---|
| Field | Emma (Devonian) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 49635 |
| Wellbores | 1 |
| Reported production | 12,488 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $937K |
Where UNIVERSITY 1-16 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.