DROGON U2-VHAGAR 38F
DROGON U2-VHAGAR 38F is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Xto Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2025 to August 2026, totalling 87,623 barrels. The lease is intermittent. 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 $40.6M, with roughly $7.7M 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 7,607 barrels a month. Its strongest month on the record we hold was March 2026, at 34,788 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 DROGON U2-VHAGAR 38F
- Who operates DROGON U2-VHAGAR 38F?
- DROGON U2-VHAGAR 38F is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is DROGON U2-VHAGAR 38F?
- DROGON U2-VHAGAR 38F is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64734.
- Is DROGON U2-VHAGAR 38F still producing?
- DROGON U2-VHAGAR 38F is intermittent. The most recent month of production reported to the Railroad Commission of Texas for DROGON U2-VHAGAR 38F is August 2026.
- How much has DROGON U2-VHAGAR 38F produced?
- DROGON U2-VHAGAR 38F has reported 87,623 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is DROGON U2-VHAGAR 38F worth?
- The remaining production from DROGON U2-VHAGAR 38F is estimated to be worth about $40.6M in total as of 27 August 2026, within a range of $33.7M to $47.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DROGON U2-VHAGAR 38F is a fraction of it. The estimate fits an Arps decline curve to the production DROGON U2-VHAGAR 38F has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DROGON U2-VHAGAR 38F is an estimate of value, not an offer and not an appraisal.
- How much income does DROGON U2-VHAGAR 38F generate in a year?
- DROGON U2-VHAGAR 38F is forecast to net about $7.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DROGON U2-VHAGAR 38F receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 64734 |
| Wellbores | 1 |
| Reported production | 87,623 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $40.6M |
Where DROGON U2-VHAGAR 38F 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.