UNIVERSITY 38E
UNIVERSITY 38E is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Sandridge Expl. And Prod., LLC. It has 2 wellbores on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 33,776 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 $442K, with roughly $85K 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 125 barrels a month, about 62 per wellbore. Its strongest month on the record we hold was June 2024, at 496 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 38E
- Who operates UNIVERSITY 38E?
- UNIVERSITY 38E is operated by Sandridge Expl. And Prod., LLC, Railroad Commission of Texas operator number 748011.
- Where is UNIVERSITY 38E?
- UNIVERSITY 38E is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45169.
- Is UNIVERSITY 38E still producing?
- UNIVERSITY 38E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 38E is August 2026.
- How much has UNIVERSITY 38E produced?
- UNIVERSITY 38E has reported 33,776 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 2 wellbores.
- How much is UNIVERSITY 38E worth?
- The remaining production from UNIVERSITY 38E is estimated to be worth about $442K in total as of 27 August 2026, within a range of $345K to $540K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 38E is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 38E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 38E is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 38E generate in a year?
- UNIVERSITY 38E is forecast to net about $85K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 38E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sandridge Expl. And Prod., LLC |
|---|---|
| Field | Fuhrman-Mascho |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 45169 |
| Wellbores | 2 |
| Reported production | 33,776 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $442K |
Where UNIVERSITY 38E 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.