UNIVERSITY 31E
UNIVERSITY 31E is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Kaiser-Francis Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 132,669 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 $124K, with roughly $24K 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, about 19 per wellbore. Its strongest month on the record we hold was July 2016, at 855 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 31E
- Who operates UNIVERSITY 31E?
- UNIVERSITY 31E is operated by Kaiser-Francis Oil Company, Railroad Commission of Texas operator number 450175.
- Where is UNIVERSITY 31E?
- UNIVERSITY 31E is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 35780.
- Is UNIVERSITY 31E still producing?
- UNIVERSITY 31E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY 31E is August 2026.
- How much has UNIVERSITY 31E produced?
- UNIVERSITY 31E has reported 132,669 barrels of oil (bbl) to the Railroad Commission of Texas between April 1998 and August 2026, from 2 wellbores.
- How much is UNIVERSITY 31E worth?
- The remaining production from UNIVERSITY 31E is estimated to be worth about $124K in total as of 26 August 2026, within a range of $68K to $180K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY 31E is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY 31E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY 31E is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY 31E generate in a year?
- UNIVERSITY 31E is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIVERSITY 31E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kaiser-Francis Oil Company |
|---|---|
| Field | War-Wink (Cherry Canyon) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 35780 |
| Wellbores | 2 |
| Reported production | 132,669 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $124K |
Where UNIVERSITY 31E 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.