UNIVERSITY 38R
UNIVERSITY 38R 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 October 2015 to August 2026, totalling 21,348 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 $406K, with roughly $78K 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 95 barrels a month, about 47 per wellbore. Its strongest month on the record we hold was July 2016, at 1,026 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 UNIVERSITY 38R
- Who operates UNIVERSITY 38R?
- UNIVERSITY 38R is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is UNIVERSITY 38R?
- UNIVERSITY 38R is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46969.
- Is UNIVERSITY 38R still producing?
- UNIVERSITY 38R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 38R is August 2026.
- How much has UNIVERSITY 38R produced?
- UNIVERSITY 38R has reported 21,348 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 2 wellbores.
- How much is UNIVERSITY 38R worth?
- The remaining production from UNIVERSITY 38R is estimated to be worth about $406K in total as of 27 August 2026, within a range of $223K to $589K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 38R is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 38R has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 38R is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 38R generate in a year?
- UNIVERSITY 38R is forecast to net about $78K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 38R receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Fuhrman-Mascho |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 46969 |
| Wellbores | 2 |
| Reported production | 21,348 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $406K |
Where UNIVERSITY 38R 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.