CREED 1
CREED 1 is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Ramtex Energy LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 86,686 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 $1.8M, with roughly $505K 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 685 barrels a month. Its strongest month on the record we hold was April 2022, at 9,536 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 CREED 1
- Who operates CREED 1?
- CREED 1 is operated by Ramtex Energy LLC, Railroad Commission of Texas operator number 690225.
- Where is CREED 1?
- CREED 1 is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27998.
- Is CREED 1 still producing?
- CREED 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CREED 1 is August 2026.
- How much has CREED 1 produced?
- CREED 1 has reported 86,686 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 1 wellbore.
- How much is CREED 1 worth?
- The remaining production from CREED 1 is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CREED 1 is a fraction of it. The estimate fits an Arps decline curve to the production CREED 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CREED 1 is an estimate of value, not an offer and not an appraisal.
- How much income does CREED 1 generate in a year?
- CREED 1 is forecast to net about $505K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CREED 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ramtex Energy LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 27998 |
| Wellbores | 1 |
| Reported production | 86,686 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where CREED 1 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.