UNIVERSITY ANDREWS
UNIVERSITY ANDREWS is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Phillips Petroleum Company. It has 216 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 8,042,612 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 $32.0M, with roughly $9.7M 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 10,858 barrels a month, about 50 per wellbore. Its strongest month on the record we hold was May 2016, at 64,083 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 ANDREWS
- Who operates UNIVERSITY ANDREWS?
- UNIVERSITY ANDREWS is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is UNIVERSITY ANDREWS?
- UNIVERSITY ANDREWS is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 01270.
- Is UNIVERSITY ANDREWS still producing?
- UNIVERSITY ANDREWS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY ANDREWS is August 2026.
- How much has UNIVERSITY ANDREWS produced?
- UNIVERSITY ANDREWS has reported 8,042,612 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 216 wellbores.
- How much is UNIVERSITY ANDREWS worth?
- The remaining production from UNIVERSITY ANDREWS is estimated to be worth about $32.0M in total as of 27 August 2026, within a range of $26.3M to $37.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY ANDREWS is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY ANDREWS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY ANDREWS is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY ANDREWS generate in a year?
- UNIVERSITY ANDREWS is forecast to net about $9.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY ANDREWS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Embar (Permian) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 01270 |
| Wellbores | 216 |
| Reported production | 8,042,612 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $32.0M |
Where UNIVERSITY ANDREWS 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.