UNIVERSITY 178B
UNIVERSITY 178B is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Pioneer Natural Res. USA, Inc. It has 6 wellbores on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 1,595,393 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 $4.5M, with roughly $1.7M 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 2,635 barrels a month, about 439 per wellbore. Its strongest month on the record we hold was May 2016, at 28,351 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 178B
- Who operates UNIVERSITY 178B?
- UNIVERSITY 178B is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is UNIVERSITY 178B?
- UNIVERSITY 178B is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18872.
- Is UNIVERSITY 178B still producing?
- UNIVERSITY 178B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 178B is August 2026.
- How much has UNIVERSITY 178B produced?
- UNIVERSITY 178B has reported 1,595,393 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 6 wellbores.
- How much is UNIVERSITY 178B worth?
- The remaining production from UNIVERSITY 178B is estimated to be worth about $4.5M in total as of 27 August 2026, within a range of $3.8M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 178B is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 178B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 178B is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 178B generate in a year?
- UNIVERSITY 178B is forecast to net about $1.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY 178B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 18872 |
| Wellbores | 6 |
| Reported production | 1,595,393 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.5M |
Where UNIVERSITY 178B 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.