UNIVERSITY RED
UNIVERSITY RED is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by PT Petroleum, LLC. It has 11 wellbores on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 2,086,333 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 $22.8M, with roughly $5.0M 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 7,184 barrels a month, about 653 per wellbore. Its strongest month on the record we hold was February 2018, at 55,520 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 RED
- Who operates UNIVERSITY RED?
- UNIVERSITY RED is operated by PT Petroleum, LLC, Railroad Commission of Texas operator number 682074.
- Where is UNIVERSITY RED?
- UNIVERSITY RED is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19165.
- Is UNIVERSITY RED still producing?
- UNIVERSITY RED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY RED is August 2026.
- How much has UNIVERSITY RED produced?
- UNIVERSITY RED has reported 2,086,333 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 11 wellbores.
- How much is UNIVERSITY RED worth?
- The remaining production from UNIVERSITY RED is estimated to be worth about $22.8M in total as of 27 August 2026, within a range of $18.9M to $26.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY RED is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY RED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY RED is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY RED generate in a year?
- UNIVERSITY RED is forecast to net about $5.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNIVERSITY RED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | PT Petroleum, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19165 |
| Wellbores | 11 |
| Reported production | 2,086,333 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22.8M |
Where UNIVERSITY RED 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.