UNIVERSITY
UNIVERSITY is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Par Minerals Corporation. It has 1 wellbore on file with the Commission. Reported production runs from June 2007 to August 2026, totalling 35,461 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 $505K, with roughly $95K 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 119 barrels a month. Its strongest month on the record we hold was January 2017, at 284 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
- Who operates UNIVERSITY?
- UNIVERSITY is operated by Par Minerals Corporation, Railroad Commission of Texas operator number 638850.
- Where is UNIVERSITY?
- UNIVERSITY is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38580.
- Is UNIVERSITY still producing?
- UNIVERSITY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY is August 2026.
- How much has UNIVERSITY produced?
- UNIVERSITY has reported 35,461 barrels of oil (bbl) to the Railroad Commission of Texas between June 2007 and August 2026, from 1 wellbore.
- How much is UNIVERSITY worth?
- The remaining production from UNIVERSITY is estimated to be worth about $505K in total as of 26 August 2026, within a range of $394K to $616K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY generate in a year?
- UNIVERSITY is forecast to net about $95K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Par Minerals Corporation |
|---|---|
| Field | Block 31 (Devonian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 38580 |
| Wellbores | 1 |
| Reported production | 35,461 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $505K |
Where UNIVERSITY 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.