GUNS UP N 32-29
GUNS UP N 32-29 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by De3 Operating LLC. It has 3 wellbores on file with the Commission. Reported production runs from December 2019 to August 2026, totalling 937,253 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 $2.7M, with roughly $1.0M 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 2,526 barrels a month, about 842 per wellbore. Its strongest month on the record we hold was January 2020, at 95,308 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 GUNS UP N 32-29
- Who operates GUNS UP N 32-29?
- GUNS UP N 32-29 is operated by De3 Operating LLC, Railroad Commission of Texas operator number 518310.
- Where is GUNS UP N 32-29?
- GUNS UP N 32-29 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53584.
- Is GUNS UP N 32-29 still producing?
- GUNS UP N 32-29 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUNS UP N 32-29 is August 2026.
- How much has GUNS UP N 32-29 produced?
- GUNS UP N 32-29 has reported 937,253 barrels of oil (bbl) to the Railroad Commission of Texas between December 2019 and August 2026, from 3 wellbores.
- How much is GUNS UP N 32-29 worth?
- The remaining production from GUNS UP N 32-29 is estimated to be worth about $2.7M in total as of 27 August 2026, within a range of $2.2M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUNS UP N 32-29 is a fraction of it. The estimate fits an Arps decline curve to the production GUNS UP N 32-29 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUNS UP N 32-29 is an estimate of value, not an offer and not an appraisal.
- How much income does GUNS UP N 32-29 generate in a year?
- GUNS UP N 32-29 is forecast to net about $1.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GUNS UP N 32-29 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | De3 Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 53584 |
| Wellbores | 3 |
| Reported production | 937,253 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where GUNS UP N 32-29 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.