PURE-UNIVERSITY -B-
PURE-UNIVERSITY -B- is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Millwee Oil, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 72,718 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 $262K, with roughly $50K 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 72 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was March 2017, at 234 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 PURE-UNIVERSITY -B-
- Who operates PURE-UNIVERSITY -B-?
- PURE-UNIVERSITY -B- is operated by Millwee Oil, Inc., Railroad Commission of Texas operator number 569339.
- Where is PURE-UNIVERSITY -B-?
- PURE-UNIVERSITY -B- is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 18691.
- Is PURE-UNIVERSITY -B- still producing?
- PURE-UNIVERSITY -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PURE-UNIVERSITY -B- is August 2026.
- How much has PURE-UNIVERSITY -B- produced?
- PURE-UNIVERSITY -B- has reported 72,718 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is PURE-UNIVERSITY -B- worth?
- The remaining production from PURE-UNIVERSITY -B- is estimated to be worth about $262K in total as of 27 August 2026, within a range of $144K to $380K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PURE-UNIVERSITY -B- is a fraction of it. The estimate fits an Arps decline curve to the production PURE-UNIVERSITY -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PURE-UNIVERSITY -B- is an estimate of value, not an offer and not an appraisal.
- How much income does PURE-UNIVERSITY -B- generate in a year?
- PURE-UNIVERSITY -B- is forecast to net about $50K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PURE-UNIVERSITY -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Millwee Oil, Inc. |
|---|---|
| Field | Dune |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 18691 |
| Wellbores | 3 |
| Reported production | 72,718 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $262K |
Where PURE-UNIVERSITY -B- 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.