CHEVRON-UNIVERSITY 11
CHEVRON-UNIVERSITY 11 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Rust Oil Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 57,673 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 $276K, with roughly $53K 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 73 barrels a month, about 37 per wellbore. Its strongest month on the record we hold was July 2024, at 164 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CHEVRON-UNIVERSITY 11
- Who operates CHEVRON-UNIVERSITY 11?
- CHEVRON-UNIVERSITY 11 is operated by Rust Oil Corp., Railroad Commission of Texas operator number 737890.
- Where is CHEVRON-UNIVERSITY 11?
- CHEVRON-UNIVERSITY 11 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33507.
- Is CHEVRON-UNIVERSITY 11 still producing?
- CHEVRON-UNIVERSITY 11 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHEVRON-UNIVERSITY 11 is August 2026.
- How much has CHEVRON-UNIVERSITY 11 produced?
- CHEVRON-UNIVERSITY 11 has reported 57,673 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is CHEVRON-UNIVERSITY 11 worth?
- The remaining production from CHEVRON-UNIVERSITY 11 is estimated to be worth about $276K in total as of 27 August 2026, within a range of $152K to $401K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHEVRON-UNIVERSITY 11 is a fraction of it. The estimate fits an Arps decline curve to the production CHEVRON-UNIVERSITY 11 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHEVRON-UNIVERSITY 11 is an estimate of value, not an offer and not an appraisal.
- How much income does CHEVRON-UNIVERSITY 11 generate in a year?
- CHEVRON-UNIVERSITY 11 is forecast to net about $53K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHEVRON-UNIVERSITY 11 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rust Oil Corp. |
|---|---|
| Field | Fullerton (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 33507 |
| Wellbores | 2 |
| Reported production | 57,673 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $276K |
Where CHEVRON-UNIVERSITY 11 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.