ANDREWS UNIVERSITY 29-32
ANDREWS UNIVERSITY 29-32 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Throne Petroleum Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2020 to August 2026, totalling 193,963 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 $4.0M, 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 1,444 barrels a month. Its strongest month on the record we hold was June 2020, at 9,243 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 ANDREWS UNIVERSITY 29-32
- Who operates ANDREWS UNIVERSITY 29-32?
- ANDREWS UNIVERSITY 29-32 is operated by Throne Petroleum Resources LLC, Railroad Commission of Texas operator number 858346.
- Where is ANDREWS UNIVERSITY 29-32?
- ANDREWS UNIVERSITY 29-32 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55239.
- Is ANDREWS UNIVERSITY 29-32 still producing?
- ANDREWS UNIVERSITY 29-32 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ANDREWS UNIVERSITY 29-32 is August 2026.
- How much has ANDREWS UNIVERSITY 29-32 produced?
- ANDREWS UNIVERSITY 29-32 has reported 193,963 barrels of oil (bbl) to the Railroad Commission of Texas between April 2020 and August 2026, from 1 wellbore.
- How much is ANDREWS UNIVERSITY 29-32 worth?
- The remaining production from ANDREWS UNIVERSITY 29-32 is estimated to be worth about $4.0M in total as of 26 August 2026, within a range of $3.3M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ANDREWS UNIVERSITY 29-32 is a fraction of it. The estimate fits an Arps decline curve to the production ANDREWS UNIVERSITY 29-32 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ANDREWS UNIVERSITY 29-32 is an estimate of value, not an offer and not an appraisal.
- How much income does ANDREWS UNIVERSITY 29-32 generate in a year?
- ANDREWS UNIVERSITY 29-32 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 ANDREWS UNIVERSITY 29-32 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Throne Petroleum Resources LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 55239 |
| Wellbores | 1 |
| Reported production | 193,963 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where ANDREWS UNIVERSITY 29-32 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.