RED MUD
RED MUD is a Texas oil lease in Kent County, Railroad Commission district 8A, operated by Fortson Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from April 1993 to August 2026, totalling 82,404 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 $360K, with roughly $69K 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 95 barrels a month. Its strongest month on the record we hold was August 2025, at 209 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MUD
- Who operates RED MUD?
- RED MUD is operated by Fortson Oil Company, Railroad Commission of Texas operator number 278563.
- Where is RED MUD?
- RED MUD is a Texas oil lease in Kent County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67050.
- Is RED MUD still producing?
- RED MUD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED MUD is August 2026.
- How much has RED MUD produced?
- RED MUD has reported 82,404 barrels of oil (bbl) to the Railroad Commission of Texas between April 1993 and August 2026, from 1 wellbore.
- How much is RED MUD worth?
- The remaining production from RED MUD is estimated to be worth about $360K in total as of 26 August 2026, within a range of $198K to $522K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED MUD is a fraction of it. The estimate fits an Arps decline curve to the production RED MUD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED MUD is an estimate of value, not an offer and not an appraisal.
- How much income does RED MUD generate in a year?
- RED MUD is forecast to net about $69K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED MUD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fortson Oil Company |
|---|---|
| Field | S-M-S (Canyon Reef) |
| County | Kent County, Texas |
| RRC district | 8A |
| Lease number | 67050 |
| Wellbores | 1 |
| Reported production | 82,404 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $360K |
Where RED MUD 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.