RHAEGAL UNIT 2
RHAEGAL UNIT 2 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Xto Energy Inc. It has 8 wellbores on file with the Commission. Reported production runs from June 2024 to August 2026, totalling 1,744,386 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 $36.5M, with roughly $17.9M 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 43,780 barrels a month, about 5,472 per wellbore. Its strongest month on the record we hold was August 2024, at 163,616 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 RHAEGAL UNIT 2
- Who operates RHAEGAL UNIT 2?
- RHAEGAL UNIT 2 is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is RHAEGAL UNIT 2?
- RHAEGAL UNIT 2 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61860.
- Is RHAEGAL UNIT 2 still producing?
- RHAEGAL UNIT 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RHAEGAL UNIT 2 is August 2026.
- How much has RHAEGAL UNIT 2 produced?
- RHAEGAL UNIT 2 has reported 1,744,386 barrels of oil (bbl) to the Railroad Commission of Texas between June 2024 and August 2026, from 8 wellbores.
- How much is RHAEGAL UNIT 2 worth?
- The remaining production from RHAEGAL UNIT 2 is estimated to be worth about $36.5M in total as of 26 August 2026, within a range of $29.9M to $43.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RHAEGAL UNIT 2 is a fraction of it. The estimate fits an Arps decline curve to the production RHAEGAL UNIT 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RHAEGAL UNIT 2 is an estimate of value, not an offer and not an appraisal.
- How much income does RHAEGAL UNIT 2 generate in a year?
- RHAEGAL UNIT 2 is forecast to net about $17.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RHAEGAL UNIT 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 61860 |
| Wellbores | 8 |
| Reported production | 1,744,386 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $36.5M |
Where RHAEGAL UNIT 2 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.