RED 137W
RED 137W is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Primexx Operating Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 208,078 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 $693K, with roughly $249K 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 328 barrels a month. Its strongest month on the record we hold was January 2019, at 20,165 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 RED 137W
- Who operates RED 137W?
- RED 137W is operated by Primexx Operating Corporation, Railroad Commission of Texas operator number 677852.
- Where is RED 137W?
- RED 137W is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53660.
- Is RED 137W still producing?
- RED 137W is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED 137W is August 2026.
- How much has RED 137W produced?
- RED 137W has reported 208,078 barrels of oil (bbl) to the Railroad Commission of Texas between December 2018 and August 2026, from 1 wellbore.
- How much is RED 137W worth?
- The remaining production from RED 137W is estimated to be worth about $693K in total as of 26 August 2026, within a range of $540K to $845K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED 137W is a fraction of it. The estimate fits an Arps decline curve to the production RED 137W has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED 137W is an estimate of value, not an offer and not an appraisal.
- How much income does RED 137W generate in a year?
- RED 137W is forecast to net about $249K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED 137W receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Primexx Operating Corporation |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 53660 |
| Wellbores | 1 |
| Reported production | 208,078 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $693K |
Where RED 137W 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.