UNIVERSITY DR.
UNIVERSITY DR. is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Walbet. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 27,291 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 $125K, 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 26 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was January 2019, at 214 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 DR.
- Who operates UNIVERSITY DR.?
- UNIVERSITY DR. is operated by Walbet, Railroad Commission of Texas operator number 891733.
- Where is UNIVERSITY DR.?
- UNIVERSITY DR. is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 27323.
- Is UNIVERSITY DR. still producing?
- UNIVERSITY DR. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIVERSITY DR. is August 2026.
- How much has UNIVERSITY DR. produced?
- UNIVERSITY DR. has reported 27,291 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is UNIVERSITY DR. worth?
- The remaining production from UNIVERSITY DR. is estimated to be worth about $125K in total as of 26 August 2026, within a range of $69K to $181K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIVERSITY DR. is a fraction of it. The estimate fits an Arps decline curve to the production UNIVERSITY DR. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIVERSITY DR. is an estimate of value, not an offer and not an appraisal.
- How much income does UNIVERSITY DR. generate in a year?
- UNIVERSITY DR. 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 DR. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Walbet |
|---|---|
| Field | Wickett, South (Yates) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 27323 |
| Wellbores | 2 |
| Reported production | 27,291 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $125K |
Where UNIVERSITY DR. 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.