RED CREST 3H
RED CREST 3H is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Tidal Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2023 to August 2026, totalling 211,140 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 $1.4M 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 2,436 barrels a month. Its strongest month on the record we hold was May 2023, at 19,336 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 RED CREST 3H
- Who operates RED CREST 3H?
- RED CREST 3H is operated by Tidal Petroleum, Inc., Railroad Commission of Texas operator number 859240.
- Where is RED CREST 3H?
- RED CREST 3H is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 20974.
- Is RED CREST 3H still producing?
- RED CREST 3H is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED CREST 3H is August 2026.
- How much has RED CREST 3H produced?
- RED CREST 3H has reported 211,140 barrels of oil (bbl) to the Railroad Commission of Texas between April 2023 and August 2026, from 1 wellbore.
- How much is RED CREST 3H worth?
- The remaining production from RED CREST 3H is estimated to be worth about $4.5M in total as of 26 August 2026, within a range of $3.7M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED CREST 3H is a fraction of it. The estimate fits an Arps decline curve to the production RED CREST 3H has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED CREST 3H is an estimate of value, not an offer and not an appraisal.
- How much income does RED CREST 3H generate in a year?
- RED CREST 3H is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED CREST 3H receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tidal Petroleum, Inc. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 20974 |
| Wellbores | 1 |
| Reported production | 211,140 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.5M |
Where RED CREST 3H 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.