RAMSEY '29B'
RAMSEY '29B' is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Prime Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2012 to August 2026, totalling 31,026 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 $850K, with roughly $146K 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 155 barrels a month. Its strongest month on the record we hold was May 2024, at 398 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 RAMSEY '29B'
- Who operates RAMSEY '29B'?
- RAMSEY '29B' is operated by Prime Operating Company, Railroad Commission of Texas operator number 677770.
- Where is RAMSEY '29B'?
- RAMSEY '29B' is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44834.
- Is RAMSEY '29B' still producing?
- RAMSEY '29B' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAMSEY '29B' is August 2026.
- How much has RAMSEY '29B' produced?
- RAMSEY '29B' has reported 31,026 barrels of oil (bbl) to the Railroad Commission of Texas between December 2012 and August 2026, from 1 wellbore.
- How much is RAMSEY '29B' worth?
- The remaining production from RAMSEY '29B' is estimated to be worth about $850K in total as of 27 August 2026, within a range of $663K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAMSEY '29B' is a fraction of it. The estimate fits an Arps decline curve to the production RAMSEY '29B' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAMSEY '29B' is an estimate of value, not an offer and not an appraisal.
- How much income does RAMSEY '29B' generate in a year?
- RAMSEY '29B' is forecast to net about $146K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAMSEY '29B' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Prime Operating Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 44834 |
| Wellbores | 1 |
| Reported production | 31,026 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $850K |
Where RAMSEY '29B' 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.