RED RYDER UNIT
RED RYDER UNIT is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Admiral Permian Operating LLC. It has 3 wellbores on file with the Commission. Reported production runs from December 2025 to August 2026, totalling 495,203 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 $84.9M, with roughly $46.5M 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 85,929 barrels a month, about 28,643 per wellbore. Its strongest month on the record we hold was January 2026, at 121,045 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 RYDER UNIT
- Who operates RED RYDER UNIT?
- RED RYDER UNIT is operated by Admiral Permian Operating LLC, Railroad Commission of Texas operator number 100158.
- Where is RED RYDER UNIT?
- RED RYDER UNIT is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 65039.
- Is RED RYDER UNIT still producing?
- RED RYDER UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED RYDER UNIT is August 2026.
- How much has RED RYDER UNIT produced?
- RED RYDER UNIT has reported 495,203 barrels of oil (bbl) to the Railroad Commission of Texas between December 2025 and August 2026, from 3 wellbores.
- How much is RED RYDER UNIT worth?
- The remaining production from RED RYDER UNIT is estimated to be worth about $84.9M in total as of 27 August 2026, within a range of $69.6M to $100.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED RYDER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RED RYDER 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 RYDER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RED RYDER UNIT generate in a year?
- RED RYDER UNIT is forecast to net about $46.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RED RYDER UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Admiral Permian Operating LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 65039 |
| Wellbores | 3 |
| Reported production | 495,203 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $84.9M |
Where RED RYDER 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.