UNIVERSITY 38
UNIVERSITY 38 is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Eog Resources, Inc. It has 9 wellbores on file with the Commission. Reported production runs from February 2011 to August 2026, totalling 898,495 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 $11.4M, with roughly $2.5M 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 1,684 barrels a month, about 187 per wellbore. Its strongest month on the record we hold was July 2021, at 21,671 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is UNIVERSITY 38?
- UNIVERSITY 38 is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17667.
- 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 898,495 barrels of oil (bbl) to the Railroad Commission of Texas between February 2011 and August 2026, from 9 wellbores.
- How much is UNIVERSITY 38 worth?
- The remaining production from UNIVERSITY 38 is estimated to be worth about $11.4M in total as of 27 August 2026, within a range of $9.5M to $13.4M. 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 $2.5M 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 | Eog Resources, Inc. |
|---|---|
| Field | Lin (Wolfcamp) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 17667 |
| Wellbores | 9 |
| Reported production | 898,495 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.4M |
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.