SLEDGE UNIT
SLEDGE UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 162,301 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 $417K, with roughly $79K 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 115 barrels a month, about 57 per wellbore. Its strongest month on the record we hold was January 2020, at 294 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 SLEDGE UNIT
- Who operates SLEDGE UNIT?
- SLEDGE UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is SLEDGE UNIT?
- SLEDGE UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 18302.
- Is SLEDGE UNIT still producing?
- SLEDGE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SLEDGE UNIT is August 2026.
- How much has SLEDGE UNIT produced?
- SLEDGE UNIT has reported 162,301 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is SLEDGE UNIT worth?
- The remaining production from SLEDGE UNIT is estimated to be worth about $417K in total as of 26 August 2026, within a range of $325K to $509K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SLEDGE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SLEDGE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SLEDGE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SLEDGE UNIT generate in a year?
- SLEDGE UNIT is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SLEDGE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 18302 |
| Wellbores | 2 |
| Reported production | 162,301 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $417K |
Where SLEDGE 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.