HONEY BADGER I 8-10 UB

HONEY BADGER I 8-10 UB is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by RP Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 312,263 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 $6.2M, with roughly $1.9M 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 3,276 barrels a month. Its strongest month on the record we hold was September 2022, at 20,124 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 HONEY BADGER I 8-10 UB

Who operates HONEY BADGER I 8-10 UB?: HONEY BADGER I 8-10 UB is operated by RP Operating, L.L.C., Railroad Commission of Texas operator number 732229.
Where is HONEY BADGER I 8-10 UB?: HONEY BADGER I 8-10 UB is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21812.
Is HONEY BADGER I 8-10 UB still producing?: HONEY BADGER I 8-10 UB is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HONEY BADGER I 8-10 UB is August 2026.
How much has HONEY BADGER I 8-10 UB produced?: HONEY BADGER I 8-10 UB has reported 312,263 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
How much is HONEY BADGER I 8-10 UB worth?: The remaining production from HONEY BADGER I 8-10 UB is estimated to be worth about $6.2M in total as of 26 August 2026, within a range of $5.1M to $7.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HONEY BADGER I 8-10 UB is a fraction of it. The estimate fits an Arps decline curve to the production HONEY BADGER I 8-10 UB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HONEY BADGER I 8-10 UB is an estimate of value, not an offer and not an appraisal.
How much income does HONEY BADGER I 8-10 UB generate in a year?: HONEY BADGER I 8-10 UB is forecast to net about $1.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HONEY BADGER I 8-10 UB receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

HONEY BADGER I 8-10 UB as filed with the Railroad Commission of Texas
Operator	RP Operating, L.L.C.
Field	Spraberry (Trend Area)
County	Upton County, Texas
RRC district	7C
Lease number	21812
Wellbores	1
Reported production	312,263 bbl
First reported	August 2022
Last reported	August 2026
Estimated royalty value	$6.2M

Where HONEY BADGER I 8-10 UB sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.