RICKER 28A
RICKER 28A is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Citation Oil & Gas Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 65,266 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 $999K, with roughly $299K 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 366 barrels a month, about 183 per wellbore. Its strongest month on the record we hold was October 2021, at 1,170 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 RICKER 28A
- Who operates RICKER 28A?
- RICKER 28A is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is RICKER 28A?
- RICKER 28A is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 04723.
- Is RICKER 28A still producing?
- RICKER 28A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICKER 28A is August 2026.
- How much has RICKER 28A produced?
- RICKER 28A has reported 65,266 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is RICKER 28A worth?
- The remaining production from RICKER 28A is estimated to be worth about $999K in total as of 26 August 2026, within a range of $779K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICKER 28A is a fraction of it. The estimate fits an Arps decline curve to the production RICKER 28A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICKER 28A is an estimate of value, not an offer and not an appraisal.
- How much income does RICKER 28A generate in a year?
- RICKER 28A is forecast to net about $299K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICKER 28A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 04723 |
| Wellbores | 2 |
| Reported production | 65,266 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $999K |
Where RICKER 28A 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.