BIG RED ONE
BIG RED ONE is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Shenandoah Petroleum Corporation. It has 6 wellbores on file with the Commission. Reported production runs from August 2013 to August 2026, totalling 234,067 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 $132K, with roughly $25K 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 330 barrels a month, about 55 per wellbore. Its strongest month on the record we hold was February 2018, at 3,482 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 BIG RED ONE
- Who operates BIG RED ONE?
- BIG RED ONE is operated by Shenandoah Petroleum Corporation, Railroad Commission of Texas operator number 775563.
- Where is BIG RED ONE?
- BIG RED ONE is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70174.
- Is BIG RED ONE still producing?
- BIG RED ONE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIG RED ONE is August 2026.
- How much has BIG RED ONE produced?
- BIG RED ONE has reported 234,067 barrels of oil (bbl) to the Railroad Commission of Texas between August 2013 and August 2026, from 6 wellbores.
- How much is BIG RED ONE worth?
- The remaining production from BIG RED ONE is estimated to be worth about $132K in total as of 26 August 2026, within a range of $103K to $161K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIG RED ONE is a fraction of it. The estimate fits an Arps decline curve to the production BIG RED ONE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIG RED ONE is an estimate of value, not an offer and not an appraisal.
- How much income does BIG RED ONE generate in a year?
- BIG RED ONE is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BIG RED ONE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Shenandoah Petroleum Corporation |
|---|---|
| Field | Swenson-Garza (Strawn) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 70174 |
| Wellbores | 6 |
| Reported production | 234,067 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $132K |
Where BIG RED ONE 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.