UNIVERSITY 38 R
UNIVERSITY 38 R is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Eog Resources, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 2013 to August 2026, totalling 436,334 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 $6.3M, with roughly $1.1M 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 595 barrels a month, about 149 per wellbore. Its strongest month on the record we hold was May 2016, at 3,444 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 38 R
- Who operates UNIVERSITY 38 R?
- UNIVERSITY 38 R is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is UNIVERSITY 38 R?
- UNIVERSITY 38 R is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18243.
- Is UNIVERSITY 38 R still producing?
- UNIVERSITY 38 R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 38 R is August 2026.
- How much has UNIVERSITY 38 R produced?
- UNIVERSITY 38 R has reported 436,334 barrels of oil (bbl) to the Railroad Commission of Texas between January 2013 and August 2026, from 4 wellbores.
- How much is UNIVERSITY 38 R worth?
- The remaining production from UNIVERSITY 38 R is estimated to be worth about $6.3M in total as of 27 August 2026, within a range of $4.9M to $7.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 38 R is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 38 R 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 R is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 38 R generate in a year?
- UNIVERSITY 38 R is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 38 R 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 | 18243 |
| Wellbores | 4 |
| Reported production | 436,334 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.3M |
Where UNIVERSITY 38 R 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.