BIG RED
BIG RED is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Bettis, Boyle & Stovall. It has 1 wellbore on file with the Commission. Reported production runs from June 1993 to August 2026, totalling 128,334 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 $443K, with roughly $85K 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 114 barrels a month. Its strongest month on the record we hold was September 2021, at 344 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
- Who operates BIG RED?
- BIG RED is operated by Bettis, Boyle & Stovall, Railroad Commission of Texas operator number 068360.
- Where is BIG RED?
- BIG RED is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33877.
- Is BIG RED still producing?
- BIG RED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIG RED is August 2026.
- How much has BIG RED produced?
- BIG RED has reported 128,334 barrels of oil (bbl) to the Railroad Commission of Texas between June 1993 and August 2026, from 1 wellbore.
- How much is BIG RED worth?
- The remaining production from BIG RED is estimated to be worth about $443K in total as of 27 August 2026, within a range of $345K to $540K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIG RED is a fraction of it. The estimate fits an Arps decline curve to the production BIG RED 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 is an estimate of value, not an offer and not an appraisal.
- How much income does BIG RED generate in a year?
- BIG RED is forecast to net about $85K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BIG RED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bettis, Boyle & Stovall |
|---|---|
| Field | Vincent, N. (Pennsylvanian Reef) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 33877 |
| Wellbores | 1 |
| Reported production | 128,334 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $443K |
Where BIG RED 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.