UNIVERSITY 14S
UNIVERSITY 14S is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2019 to August 2026, totalling 180,430 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 $5.1M, with roughly $1.1M 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 1,770 barrels a month. Its strongest month on the record we hold was November 2019, at 6,422 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 14S
- Who operates UNIVERSITY 14S?
- UNIVERSITY 14S is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is UNIVERSITY 14S?
- UNIVERSITY 14S is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54037.
- Is UNIVERSITY 14S still producing?
- UNIVERSITY 14S is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 14S is August 2026.
- How much has UNIVERSITY 14S produced?
- UNIVERSITY 14S has reported 180,430 barrels of oil (bbl) to the Railroad Commission of Texas between May 2019 and August 2026, from 1 wellbore.
- How much is UNIVERSITY 14S worth?
- The remaining production from UNIVERSITY 14S is estimated to be worth about $5.1M in total as of 26 August 2026, within a range of $4.2M to $5.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 14S is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 14S has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 14S is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 14S generate in a year?
- UNIVERSITY 14S is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 14S receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Shafter Lake (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 54037 |
| Wellbores | 1 |
| Reported production | 180,430 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.1M |
Where UNIVERSITY 14S 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.