UNIVERSITY 11-23
UNIVERSITY 11-23 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Sandridge Expl. And Prod., LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 54,283 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 $791K, with roughly $149K 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 177 barrels a month. Its strongest month on the record we hold was September 2021, at 574 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 UNIVERSITY 11-23
- Who operates UNIVERSITY 11-23?
- UNIVERSITY 11-23 is operated by Sandridge Expl. And Prod., LLC, Railroad Commission of Texas operator number 748011.
- Where is UNIVERSITY 11-23?
- UNIVERSITY 11-23 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41892.
- Is UNIVERSITY 11-23 still producing?
- UNIVERSITY 11-23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 11-23 is August 2026.
- How much has UNIVERSITY 11-23 produced?
- UNIVERSITY 11-23 has reported 54,283 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 1 wellbore.
- How much is UNIVERSITY 11-23 worth?
- The remaining production from UNIVERSITY 11-23 is estimated to be worth about $791K in total as of 27 August 2026, within a range of $617K to $966K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 11-23 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 11-23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 11-23 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 11-23 generate in a year?
- UNIVERSITY 11-23 is forecast to net about $149K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 11-23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sandridge Expl. And Prod., LLC |
|---|---|
| Field | Martin (Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 41892 |
| Wellbores | 1 |
| Reported production | 54,283 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $791K |
Where UNIVERSITY 11-23 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.