UL 35
UL 35 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2022 to August 2026, totalling 28,752 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 $643K, with roughly $201K 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 292 barrels a month. Its strongest month on the record we hold was January 2022, at 4,426 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 UL 35
- Who operates UL 35?
- UL 35 is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is UL 35?
- UL 35 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56664.
- Is UL 35 still producing?
- UL 35 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UL 35 is August 2026.
- How much has UL 35 produced?
- UL 35 has reported 28,752 barrels of oil (bbl) to the Railroad Commission of Texas between January 2022 and August 2026, from 1 wellbore.
- How much is UL 35 worth?
- The remaining production from UL 35 is estimated to be worth about $643K in total as of 27 August 2026, within a range of $502K to $785K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UL 35 is a fraction of it. The estimate fits an Arps decline curve to the production UL 35 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UL 35 is an estimate of value, not an offer and not an appraisal.
- How much income does UL 35 generate in a year?
- UL 35 is forecast to net about $201K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UL 35 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Jordan, S. (Devonian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 56664 |
| Wellbores | 1 |
| Reported production | 28,752 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $643K |
Where UL 35 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.