STATE UNIVERSITY
STATE UNIVERSITY is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Pearl, Bill H. Productions, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 18,166 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 $277K, with roughly $45K 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 38 barrels a month. Its strongest month on the record we hold was March 2022, at 174 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 STATE UNIVERSITY
- Who operates STATE UNIVERSITY?
- STATE UNIVERSITY is operated by Pearl, Bill H. Productions, Inc., Railroad Commission of Texas operator number 647284.
- Where is STATE UNIVERSITY?
- STATE UNIVERSITY is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31735.
- Is STATE UNIVERSITY still producing?
- STATE UNIVERSITY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE UNIVERSITY is August 2026.
- How much has STATE UNIVERSITY produced?
- STATE UNIVERSITY has reported 18,166 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STATE UNIVERSITY worth?
- The remaining production from STATE UNIVERSITY is estimated to be worth about $277K in total as of 26 August 2026, within a range of $152K to $401K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE UNIVERSITY is a fraction of it. The estimate fits an Arps decline curve to the production STATE UNIVERSITY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE UNIVERSITY is an estimate of value, not an offer and not an appraisal.
- How much income does STATE UNIVERSITY generate in a year?
- STATE UNIVERSITY is forecast to net about $45K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE UNIVERSITY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pearl, Bill H. Productions, Inc. |
|---|---|
| Field | Block 16 (Permo Penn) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 31735 |
| Wellbores | 1 |
| Reported production | 18,166 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $277K |
Where STATE UNIVERSITY 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.