UNIVERSITY 14Q
UNIVERSITY 14Q is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 2 wellbores on file with the Commission. Reported production runs from August 2024 to August 2026, totalling 32,149 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 $3.5M, with roughly $961K 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 1,418 barrels a month, about 709 per wellbore. Its strongest month on the record we hold was October 2024, at 2,122 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 UNIVERSITY 14Q
- Who operates UNIVERSITY 14Q?
- UNIVERSITY 14Q is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is UNIVERSITY 14Q?
- UNIVERSITY 14Q is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61524.
- Is UNIVERSITY 14Q still producing?
- UNIVERSITY 14Q is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 14Q is August 2026.
- How much has UNIVERSITY 14Q produced?
- UNIVERSITY 14Q has reported 32,149 barrels of oil (bbl) to the Railroad Commission of Texas between August 2024 and August 2026, from 2 wellbores.
- How much is UNIVERSITY 14Q worth?
- The remaining production from UNIVERSITY 14Q is estimated to be worth about $3.5M in total as of 27 August 2026, within a range of $2.9M to $4.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 14Q is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 14Q has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 14Q is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 14Q generate in a year?
- UNIVERSITY 14Q is forecast to net about $961K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 14Q receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Shafter Lake (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 61524 |
| Wellbores | 2 |
| Reported production | 32,149 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where UNIVERSITY 14Q 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.