FRED UNIT
FRED UNIT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Snyder Oil Corporation. It has 3 wellbores on file with the Commission. Reported production runs from May 1993 to August 2026, totalling 129,414 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 $387K, with roughly $73K 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 87 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was November 2017, at 1,161 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 FRED UNIT
- Who operates FRED UNIT?
- FRED UNIT is operated by Snyder Oil Corporation, Railroad Commission of Texas operator number 799886.
- Where is FRED UNIT?
- FRED UNIT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33874.
- Is FRED UNIT still producing?
- FRED UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRED UNIT is August 2026.
- How much has FRED UNIT produced?
- FRED UNIT has reported 129,414 barrels of oil (bbl) to the Railroad Commission of Texas between May 1993 and August 2026, from 3 wellbores.
- How much is FRED UNIT worth?
- The remaining production from FRED UNIT is estimated to be worth about $387K in total as of 26 August 2026, within a range of $213K to $560K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRED UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FRED UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRED UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FRED UNIT generate in a year?
- FRED UNIT is forecast to net about $73K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FRED UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Snyder Oil Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 33874 |
| Wellbores | 3 |
| Reported production | 129,414 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $387K |
Where FRED 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.