UNIVERSITY 18-40
UNIVERSITY 18-40 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Point Energy Partners Petro, LLC. It has 3 wellbores on file with the Commission. Reported production runs from September 2019 to August 2026, totalling 231,547 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 $7.3M, with roughly $1.6M 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 2,237 barrels a month, about 746 per wellbore. Its strongest month on the record we hold was April 2023, at 8,785 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 18-40
- Who operates UNIVERSITY 18-40?
- UNIVERSITY 18-40 is operated by Point Energy Partners Petro, LLC, Railroad Commission of Texas operator number 668897.
- Where is UNIVERSITY 18-40?
- UNIVERSITY 18-40 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56170.
- Is UNIVERSITY 18-40 still producing?
- UNIVERSITY 18-40 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 18-40 is August 2026.
- How much has UNIVERSITY 18-40 produced?
- UNIVERSITY 18-40 has reported 231,547 barrels of oil (bbl) to the Railroad Commission of Texas between September 2019 and August 2026, from 3 wellbores.
- How much is UNIVERSITY 18-40 worth?
- The remaining production from UNIVERSITY 18-40 is estimated to be worth about $7.3M in total as of 27 August 2026, within a range of $6.0M to $8.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 18-40 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 18-40 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 18-40 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 18-40 generate in a year?
- UNIVERSITY 18-40 is forecast to net about $1.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 18-40 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Point Energy Partners Petro, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 56170 |
| Wellbores | 3 |
| Reported production | 231,547 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.3M |
Where UNIVERSITY 18-40 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.