RICE UNIVERSITY
RICE UNIVERSITY is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Union Gas Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2006 to August 2026, totalling 206,060 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 $1.3M, with roughly $223K 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 242 barrels a month. Its strongest month on the record we hold was August 2020, at 567 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 RICE UNIVERSITY
- Who operates RICE UNIVERSITY?
- RICE UNIVERSITY is operated by Union Gas Operating Company, Railroad Commission of Texas operator number 876500.
- Where is RICE UNIVERSITY?
- RICE UNIVERSITY is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25080.
- Is RICE UNIVERSITY still producing?
- RICE UNIVERSITY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICE UNIVERSITY is August 2026.
- How much has RICE UNIVERSITY produced?
- RICE UNIVERSITY has reported 206,060 barrels of oil (bbl) to the Railroad Commission of Texas between September 2006 and August 2026, from 1 wellbore.
- How much is RICE UNIVERSITY worth?
- The remaining production from RICE UNIVERSITY is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $985K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICE UNIVERSITY is a fraction of it. The estimate fits an Arps decline curve to the production RICE UNIVERSITY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICE UNIVERSITY is an estimate of value, not an offer and not an appraisal.
- How much income does RICE UNIVERSITY generate in a year?
- RICE UNIVERSITY is forecast to net about $223K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RICE UNIVERSITY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Gas Operating Company |
|---|---|
| Field | Dorsey (Wilcox "D") |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 25080 |
| Wellbores | 1 |
| Reported production | 206,060 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where RICE 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.