UNIVERSITY -O-
UNIVERSITY -O- is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Echols, M. & Chaney, V. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 13,804 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 $61K, with roughly $12K 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 13 barrels a month. Its strongest month on the record we hold was September 2017, at 31 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 -O-
- Who operates UNIVERSITY -O-?
- UNIVERSITY -O- is operated by Echols, M. & Chaney, V., Railroad Commission of Texas operator number 240975.
- Where is UNIVERSITY -O-?
- UNIVERSITY -O- is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20028.
- Is UNIVERSITY -O- still producing?
- UNIVERSITY -O- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY -O- is August 2026.
- How much has UNIVERSITY -O- produced?
- UNIVERSITY -O- has reported 13,804 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is UNIVERSITY -O- worth?
- The remaining production from UNIVERSITY -O- is estimated to be worth about $61K in total as of 26 August 2026, within a range of $33K to $88K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY -O- is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY -O- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY -O- is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY -O- generate in a year?
- UNIVERSITY -O- is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY -O- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Echols, M. & Chaney, V. |
|---|---|
| Field | Dune |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 20028 |
| Wellbores | 1 |
| Reported production | 13,804 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $61K |
Where UNIVERSITY -O- 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.