ANDREWS UNIVERSITY 33-28B
ANDREWS UNIVERSITY 33-28B is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Montrose Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2022 to August 2026, totalling 173,733 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 $6.0M, with roughly $1.5M 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 2,035 barrels a month. Its strongest month on the record we hold was January 2023, at 16,906 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 33-28B
- Who operates ANDREWS UNIVERSITY 33-28B?
- ANDREWS UNIVERSITY 33-28B is operated by Montrose Operating LLC, Railroad Commission of Texas operator number 578302.
- Where is ANDREWS UNIVERSITY 33-28B?
- ANDREWS UNIVERSITY 33-28B is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61211.
- Is ANDREWS UNIVERSITY 33-28B still producing?
- ANDREWS UNIVERSITY 33-28B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ANDREWS UNIVERSITY 33-28B is August 2026.
- How much has ANDREWS UNIVERSITY 33-28B produced?
- ANDREWS UNIVERSITY 33-28B has reported 173,733 barrels of oil (bbl) to the Railroad Commission of Texas between December 2022 and August 2026, from 1 wellbore.
- How much is ANDREWS UNIVERSITY 33-28B worth?
- The remaining production from ANDREWS UNIVERSITY 33-28B is estimated to be worth about $6.0M in total as of 27 August 2026, within a range of $5.0M to $7.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ANDREWS UNIVERSITY 33-28B is a fraction of it. The estimate fits an Arps decline curve to the production ANDREWS UNIVERSITY 33-28B 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 33-28B is an estimate of value, not an offer and not an appraisal.
- How much income does ANDREWS UNIVERSITY 33-28B generate in a year?
- ANDREWS UNIVERSITY 33-28B is forecast to net about $1.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ANDREWS UNIVERSITY 33-28B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Montrose Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 61211 |
| Wellbores | 1 |
| Reported production | 173,733 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.0M |
Where ANDREWS UNIVERSITY 33-28B 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.