RAG RUN SOUTH
RAG RUN SOUTH is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 190,443 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 $512K, with roughly $205K 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 451 barrels a month. Its strongest month on the record we hold was August 2019, at 22,771 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 RAG RUN SOUTH
- Who operates RAG RUN SOUTH?
- RAG RUN SOUTH is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
- Where is RAG RUN SOUTH?
- RAG RUN SOUTH is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53351.
- Is RAG RUN SOUTH still producing?
- RAG RUN SOUTH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAG RUN SOUTH is August 2026.
- How much has RAG RUN SOUTH produced?
- RAG RUN SOUTH has reported 190,443 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 1 wellbore.
- How much is RAG RUN SOUTH worth?
- The remaining production from RAG RUN SOUTH is estimated to be worth about $512K in total as of 26 August 2026, within a range of $400K to $625K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAG RUN SOUTH is a fraction of it. The estimate fits an Arps decline curve to the production RAG RUN SOUTH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAG RUN SOUTH is an estimate of value, not an offer and not an appraisal.
- How much income does RAG RUN SOUTH generate in a year?
- RAG RUN SOUTH is forecast to net about $205K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAG RUN SOUTH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon Petroleum Operating Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 53351 |
| Wellbores | 1 |
| Reported production | 190,443 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $512K |
Where RAG RUN SOUTH 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.