ALLRED "58"
ALLRED "58" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 2 wellbores on file with the Commission. Reported production runs from January 2011 to August 2026, totalling 121,970 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 $491K, with roughly $94K 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 120 barrels a month, about 60 per wellbore. Its strongest month on the record we hold was November 2016, at 513 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 ALLRED "58"
- Who operates ALLRED "58"?
- ALLRED "58" is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is ALLRED "58"?
- ALLRED "58" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40845.
- Is ALLRED "58" still producing?
- ALLRED "58" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALLRED "58" is August 2026.
- How much has ALLRED "58" produced?
- ALLRED "58" has reported 121,970 barrels of oil (bbl) to the Railroad Commission of Texas between January 2011 and August 2026, from 2 wellbores.
- How much is ALLRED "58" worth?
- The remaining production from ALLRED "58" is estimated to be worth about $491K in total as of 26 August 2026, within a range of $383K to $600K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALLRED "58" is a fraction of it. The estimate fits an Arps decline curve to the production ALLRED "58" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALLRED "58" is an estimate of value, not an offer and not an appraisal.
- How much income does ALLRED "58" generate in a year?
- ALLRED "58" is forecast to net about $94K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALLRED "58" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Energy Resources L.P. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 40845 |
| Wellbores | 2 |
| Reported production | 121,970 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $491K |
Where ALLRED "58" 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.