RASH
RASH is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Devon Energy Corporation(Nevada). It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 129,674 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 $860K, with roughly $165K 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 278 barrels a month, about 139 per wellbore. Its strongest month on the record we hold was April 2024, at 1,024 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 RASH
- Who operates RASH?
- RASH is operated by Devon Energy Corporation(Nevada), Railroad Commission of Texas operator number 216735.
- Where is RASH?
- RASH is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 16721.
- Is RASH still producing?
- RASH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RASH is August 2026.
- How much has RASH produced?
- RASH has reported 129,674 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is RASH worth?
- The remaining production from RASH is estimated to be worth about $860K in total as of 27 August 2026, within a range of $670K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RASH is a fraction of it. The estimate fits an Arps decline curve to the production RASH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RASH is an estimate of value, not an offer and not an appraisal.
- How much income does RASH generate in a year?
- RASH is forecast to net about $165K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RASH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Corporation(Nevada) |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 16721 |
| Wellbores | 2 |
| Reported production | 129,674 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $860K |
Where RASH 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.