EDWARDS BLOCK 3
EDWARDS BLOCK 3 is a Texas oil lease in Gaines County, Railroad Commission district 08, operated by Utoco, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 3,782 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 $611K, with roughly $117K 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 143 barrels a month. Its strongest month on the record we hold was April 2024, at 636 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 EDWARDS BLOCK 3
- Who operates EDWARDS BLOCK 3?
- EDWARDS BLOCK 3 is operated by Utoco, Ltd., Railroad Commission of Texas operator number 100404.
- Where is EDWARDS BLOCK 3?
- EDWARDS BLOCK 3 is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61456.
- Is EDWARDS BLOCK 3 still producing?
- EDWARDS BLOCK 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EDWARDS BLOCK 3 is August 2026.
- How much has EDWARDS BLOCK 3 produced?
- EDWARDS BLOCK 3 has reported 3,782 barrels of oil (bbl) to the Railroad Commission of Texas between March 2024 and August 2026, from 1 wellbore.
- How much is EDWARDS BLOCK 3 worth?
- The remaining production from EDWARDS BLOCK 3 is estimated to be worth about $611K in total as of 27 August 2026, within a range of $476K to $745K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EDWARDS BLOCK 3 is a fraction of it. The estimate fits an Arps decline curve to the production EDWARDS BLOCK 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EDWARDS BLOCK 3 is an estimate of value, not an offer and not an appraisal.
- How much income does EDWARDS BLOCK 3 generate in a year?
- EDWARDS BLOCK 3 is forecast to net about $117K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EDWARDS BLOCK 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Utoco, Ltd. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Gaines County, Texas |
| RRC district | 08 |
| Lease number | 61456 |
| Wellbores | 1 |
| Reported production | 3,782 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $611K |
Where EDWARDS BLOCK 3 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.