AMOCO UNIVERSITY "3"
AMOCO UNIVERSITY "3" is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ausland Production Company. It has 8 wellbores on file with the Commission. Reported production runs from October 1995 to August 2026, totalling 346,452 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 $672K, with roughly $213K 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 347 barrels a month, about 43 per wellbore. Its strongest month on the record we hold was January 2025, at 670 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 AMOCO UNIVERSITY "3"
- Who operates AMOCO UNIVERSITY "3"?
- AMOCO UNIVERSITY "3" is operated by Ausland Production Company, Railroad Commission of Texas operator number 036934.
- Where is AMOCO UNIVERSITY "3"?
- AMOCO UNIVERSITY "3" is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 34720.
- Is AMOCO UNIVERSITY "3" still producing?
- AMOCO UNIVERSITY "3" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AMOCO UNIVERSITY "3" is August 2026.
- How much has AMOCO UNIVERSITY "3" produced?
- AMOCO UNIVERSITY "3" has reported 346,452 barrels of oil (bbl) to the Railroad Commission of Texas between October 1995 and August 2026, from 8 wellbores.
- How much is AMOCO UNIVERSITY "3" worth?
- The remaining production from AMOCO UNIVERSITY "3" is estimated to be worth about $672K in total as of 27 August 2026, within a range of $524K to $819K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AMOCO UNIVERSITY "3" is a fraction of it. The estimate fits an Arps decline curve to the production AMOCO UNIVERSITY "3" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AMOCO UNIVERSITY "3" is an estimate of value, not an offer and not an appraisal.
- How much income does AMOCO UNIVERSITY "3" generate in a year?
- AMOCO UNIVERSITY "3" is forecast to net about $213K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in AMOCO UNIVERSITY "3" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ausland Production Company |
|---|---|
| Field | Fullerton (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 34720 |
| Wellbores | 8 |
| Reported production | 346,452 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $672K |
Where AMOCO UNIVERSITY "3" 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.