RED CREST TRUST UNIT
RED CREST TRUST UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Statoil Texas Onshore Prop LLC. It has 8 wellbores on file with the Commission. Reported production runs from February 2013 to August 2026, totalling 1,461,259 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 $7.2M, with roughly $2.0M 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 3,188 barrels a month, about 399 per wellbore. Its strongest month on the record we hold was March 2018, at 112,071 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 CREST TRUST UNIT
- Who operates RED CREST TRUST UNIT?
- RED CREST TRUST UNIT is operated by Statoil Texas Onshore Prop LLC, Railroad Commission of Texas operator number 816437.
- Where is RED CREST TRUST UNIT?
- RED CREST TRUST UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 10384.
- Is RED CREST TRUST UNIT still producing?
- RED CREST TRUST UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED CREST TRUST UNIT is August 2026.
- How much has RED CREST TRUST UNIT produced?
- RED CREST TRUST UNIT has reported 1,461,259 barrels of oil (bbl) to the Railroad Commission of Texas between February 2013 and August 2026, from 8 wellbores.
- How much is RED CREST TRUST UNIT worth?
- The remaining production from RED CREST TRUST UNIT is estimated to be worth about $7.2M in total as of 27 August 2026, within a range of $6.0M to $8.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED CREST TRUST UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RED CREST TRUST UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED CREST TRUST UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RED CREST TRUST UNIT generate in a year?
- RED CREST TRUST UNIT is forecast to net about $2.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RED CREST TRUST UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Statoil Texas Onshore Prop LLC |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 10384 |
| Wellbores | 8 |
| Reported production | 1,461,259 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.2M |
Where RED CREST TRUST UNIT 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.