UNIVERSITY CAROLINE
UNIVERSITY CAROLINE is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Henry Petroleum LP. It has 1 wellbore on file with the Commission. Reported production runs from November 2002 to August 2026, totalling 45,560 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 $247K, with roughly $46K 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 54 barrels a month. Its strongest month on the record we hold was February 2018, at 227 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CAROLINE
- Who operates UNIVERSITY CAROLINE?
- UNIVERSITY CAROLINE is operated by Henry Petroleum LP, Railroad Commission of Texas operator number 378642.
- Where is UNIVERSITY CAROLINE?
- UNIVERSITY CAROLINE is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 15303.
- Is UNIVERSITY CAROLINE still producing?
- UNIVERSITY CAROLINE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY CAROLINE is August 2026.
- How much has UNIVERSITY CAROLINE produced?
- UNIVERSITY CAROLINE has reported 45,560 barrels of oil (bbl) to the Railroad Commission of Texas between November 2002 and August 2026, from 1 wellbore.
- How much is UNIVERSITY CAROLINE worth?
- The remaining production from UNIVERSITY CAROLINE is estimated to be worth about $247K in total as of 27 August 2026, within a range of $136K to $359K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY CAROLINE is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY CAROLINE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY CAROLINE is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY CAROLINE generate in a year?
- UNIVERSITY CAROLINE is forecast to net about $46K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY CAROLINE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Petroleum LP |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 15303 |
| Wellbores | 1 |
| Reported production | 45,560 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $247K |
Where UNIVERSITY CAROLINE 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.