UNIVERSITY 5-38
UNIVERSITY 5-38 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ovintiv Usa Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2023 to August 2026, totalling 6,263 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $109K, with roughly $20K expected over the next twelve months.
| Operator | Ovintiv Usa Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 64752 |
| Wellbores | 1 |
| Reported production | 6,263 bbl |
| First reported | June 2023 |
| Last reported | August 2026 |
| Estimated royalty value | $109K |
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.