UL 2631
UL 2631 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Qep Energy Company. It has 14 wellbores on file with the Commission. Reported production runs from April 2018 to August 2026, totalling 2,904,908 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 $21.1M, with roughly $5.0M 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 5,990 barrels a month, about 428 per wellbore. Its strongest month on the record we hold was June 2018, at 161,900 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 UL 2631
- Who operates UL 2631?
- UL 2631 is operated by Qep Energy Company, Railroad Commission of Texas operator number 684474.
- Where is UL 2631?
- UL 2631 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50774.
- Is UL 2631 still producing?
- UL 2631 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UL 2631 is August 2026.
- How much has UL 2631 produced?
- UL 2631 has reported 2,904,908 barrels of oil (bbl) to the Railroad Commission of Texas between April 2018 and August 2026, from 14 wellbores.
- How much is UL 2631 worth?
- The remaining production from UL 2631 is estimated to be worth about $21.1M in total as of 27 August 2026, within a range of $17.5M to $24.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UL 2631 is a fraction of it. The estimate fits an Arps decline curve to the production UL 2631 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UL 2631 is an estimate of value, not an offer and not an appraisal.
- How much income does UL 2631 generate in a year?
- UL 2631 is forecast to net about $5.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UL 2631 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Qep Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 50774 |
| Wellbores | 14 |
| Reported production | 2,904,908 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21.1M |
Where UL 2631 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.