UNIVERSITY "48-15 A"
UNIVERSITY "48-15 A" is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Way, Ralph L., Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 12,148 barrels. The lease is intermittent. 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 $5K, with roughly $1K 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 barrels a month. Its strongest month on the record we hold was April 2019, at 67 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 "48-15 A"
- Who operates UNIVERSITY "48-15 A"?
- UNIVERSITY "48-15 A" is operated by Way, Ralph L., Inc., Railroad Commission of Texas operator number 902593.
- Where is UNIVERSITY "48-15 A"?
- UNIVERSITY "48-15 A" is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 02355.
- Is UNIVERSITY "48-15 A" still producing?
- UNIVERSITY "48-15 A" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY "48-15 A" is August 2026.
- How much has UNIVERSITY "48-15 A" produced?
- UNIVERSITY "48-15 A" has reported 12,148 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is UNIVERSITY "48-15 A" worth?
- The remaining production from UNIVERSITY "48-15 A" is estimated to be worth about $5K in total as of 27 August 2026, within a range of $0 to $10K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY "48-15 A" is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY "48-15 A" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY "48-15 A" is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY "48-15 A" generate in a year?
- UNIVERSITY "48-15 A" is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY "48-15 A" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Way, Ralph L., Inc. |
|---|---|
| Field | Block 49 (2450) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 02355 |
| Wellbores | 2 |
| Reported production | 12,148 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5K |
Where UNIVERSITY "48-15 A" 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.