UNIVERSITY 48-09
UNIVERSITY 48-09 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Sable Permian Resources, LLC. It has 4 wellbores on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 71,054 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 $4.1M, with roughly $959K 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 681 barrels a month, about 170 per wellbore. Its strongest month on the record we hold was April 2021, at 2,012 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 48-09
- Who operates UNIVERSITY 48-09?
- UNIVERSITY 48-09 is operated by Sable Permian Resources, LLC, Railroad Commission of Texas operator number 742251.
- Where is UNIVERSITY 48-09?
- UNIVERSITY 48-09 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20637.
- Is UNIVERSITY 48-09 still producing?
- UNIVERSITY 48-09 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 48-09 is August 2026.
- How much has UNIVERSITY 48-09 produced?
- UNIVERSITY 48-09 has reported 71,054 barrels of oil (bbl) to the Railroad Commission of Texas between March 2020 and August 2026, from 4 wellbores.
- How much is UNIVERSITY 48-09 worth?
- The remaining production from UNIVERSITY 48-09 is estimated to be worth about $4.1M in total as of 27 August 2026, within a range of $3.2M to $5.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 48-09 is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 48-09 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 48-09 is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 48-09 generate in a year?
- UNIVERSITY 48-09 is forecast to net about $959K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 48-09 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sable Permian Resources, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 20637 |
| Wellbores | 4 |
| Reported production | 71,054 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where UNIVERSITY 48-09 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.