RK-UTL 3031A-17
RK-UTL 3031A-17 is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Jagged Peak Energy LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2016 to August 2026, totalling 823,679 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 $4.3M, with roughly $1.2M 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 2,149 barrels a month, about 1,074 per wellbore. Its strongest month on the record we hold was May 2018, at 35,560 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 RK-UTL 3031A-17
- Who operates RK-UTL 3031A-17?
- RK-UTL 3031A-17 is operated by Jagged Peak Energy LLC, Railroad Commission of Texas operator number 429574.
- Where is RK-UTL 3031A-17?
- RK-UTL 3031A-17 is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48604.
- Is RK-UTL 3031A-17 still producing?
- RK-UTL 3031A-17 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RK-UTL 3031A-17 is August 2026.
- How much has RK-UTL 3031A-17 produced?
- RK-UTL 3031A-17 has reported 823,679 barrels of oil (bbl) to the Railroad Commission of Texas between December 2016 and August 2026, from 2 wellbores.
- How much is RK-UTL 3031A-17 worth?
- The remaining production from RK-UTL 3031A-17 is estimated to be worth about $4.3M in total as of 26 August 2026, within a range of $3.6M to $5.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RK-UTL 3031A-17 is a fraction of it. The estimate fits an Arps decline curve to the production RK-UTL 3031A-17 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RK-UTL 3031A-17 is an estimate of value, not an offer and not an appraisal.
- How much income does RK-UTL 3031A-17 generate in a year?
- RK-UTL 3031A-17 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RK-UTL 3031A-17 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jagged Peak Energy LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 48604 |
| Wellbores | 2 |
| Reported production | 823,679 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.3M |
Where RK-UTL 3031A-17 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.