RED HULK UNIT A 40-33
RED HULK UNIT A 40-33 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Surge Operating, LLC. It has 5 wellbores on file with the Commission. Reported production runs from August 2025 to August 2026, totalling 190,084 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 $61.0M, with roughly $13.5M 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 21,120 barrels a month, about 4,224 per wellbore. Its strongest month on the record we hold was September 2025, at 29,232 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 RED HULK UNIT A 40-33
- Who operates RED HULK UNIT A 40-33?
- RED HULK UNIT A 40-33 is operated by Surge Operating, LLC, Railroad Commission of Texas operator number 760725.
- Where is RED HULK UNIT A 40-33?
- RED HULK UNIT A 40-33 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64356.
- Is RED HULK UNIT A 40-33 still producing?
- RED HULK UNIT A 40-33 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED HULK UNIT A 40-33 is August 2026.
- How much has RED HULK UNIT A 40-33 produced?
- RED HULK UNIT A 40-33 has reported 190,084 barrels of oil (bbl) to the Railroad Commission of Texas between August 2025 and August 2026, from 5 wellbores.
- How much is RED HULK UNIT A 40-33 worth?
- The remaining production from RED HULK UNIT A 40-33 is estimated to be worth about $61.0M in total as of 26 August 2026, within a range of $50.0M to $72.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED HULK UNIT A 40-33 is a fraction of it. The estimate fits an Arps decline curve to the production RED HULK UNIT A 40-33 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED HULK UNIT A 40-33 is an estimate of value, not an offer and not an appraisal.
- How much income does RED HULK UNIT A 40-33 generate in a year?
- RED HULK UNIT A 40-33 is forecast to net about $13.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED HULK UNIT A 40-33 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Surge Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 64356 |
| Wellbores | 5 |
| Reported production | 190,084 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $61.0M |
Where RED HULK UNIT A 40-33 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.