UNIVERSITY 38
UNIVERSITY 38 is a Texas gas lease in Crane County, Railroad Commission district 08, operated by BP America Production Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2005 to August 2026, totalling 111,449 thousand cubic feet. 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 $13K, with roughly $2K 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 62 thousand cubic feet a month. Its strongest month on the record we hold was May 2021, at 1,586 thousand cubic feet. 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 38
- Who operates UNIVERSITY 38?
- UNIVERSITY 38 is operated by BP America Production Company, Railroad Commission of Texas operator number 040798.
- Where is UNIVERSITY 38?
- UNIVERSITY 38 is a Texas gas lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 211842.
- Is UNIVERSITY 38 still producing?
- UNIVERSITY 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 38 is August 2026.
- How much has UNIVERSITY 38 produced?
- UNIVERSITY 38 has reported 111,449 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2005 and August 2026, from 1 wellbore.
- How much is UNIVERSITY 38 worth?
- The remaining production from UNIVERSITY 38 is estimated to be worth about $13K in total as of 27 August 2026, within a range of $7K to $18K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 38 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 38 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 38 generate in a year?
- UNIVERSITY 38 is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BP America Production Company |
|---|---|
| Field | Block 31 (Devonian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 211842 |
| Wellbores | 1 |
| Reported production | 111,449 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $13K |
Where UNIVERSITY 38 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.