RIO GRANDE 12-24-C
RIO GRANDE 12-24-C is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Cutbow Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 299,871 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 $13.6M, with roughly $4.4M 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 7,264 barrels a month. Its strongest month on the record we hold was April 2024, at 24,495 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 RIO GRANDE 12-24-C
- Who operates RIO GRANDE 12-24-C?
- RIO GRANDE 12-24-C is operated by Cutbow Operating, LLC, Railroad Commission of Texas operator number 195763.
- Where is RIO GRANDE 12-24-C?
- RIO GRANDE 12-24-C is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61246.
- Is RIO GRANDE 12-24-C still producing?
- RIO GRANDE 12-24-C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIO GRANDE 12-24-C is August 2026.
- How much has RIO GRANDE 12-24-C produced?
- RIO GRANDE 12-24-C has reported 299,871 barrels of oil (bbl) to the Railroad Commission of Texas between March 2024 and August 2026, from 1 wellbore.
- How much is RIO GRANDE 12-24-C worth?
- The remaining production from RIO GRANDE 12-24-C is estimated to be worth about $13.6M in total as of 26 August 2026, within a range of $11.3M to $16.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIO GRANDE 12-24-C is a fraction of it. The estimate fits an Arps decline curve to the production RIO GRANDE 12-24-C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIO GRANDE 12-24-C is an estimate of value, not an offer and not an appraisal.
- How much income does RIO GRANDE 12-24-C generate in a year?
- RIO GRANDE 12-24-C is forecast to net about $4.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RIO GRANDE 12-24-C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cutbow Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 61246 |
| Wellbores | 1 |
| Reported production | 299,871 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.6M |
Where RIO GRANDE 12-24-C 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.