RIPPLE UNIT 1
RIPPLE UNIT 1 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Xto Energy Inc. It has 7 wellbores on file with the Commission. Reported production runs from June 2024 to August 2026, totalling 1,937,355 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 $70.7M, with roughly $47.8M 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 141,899 barrels a month, about 20,271 per wellbore. Its strongest month on the record we hold was May 2025, at 216,049 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 RIPPLE UNIT 1
- Who operates RIPPLE UNIT 1?
- RIPPLE UNIT 1 is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is RIPPLE UNIT 1?
- RIPPLE UNIT 1 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62371.
- Is RIPPLE UNIT 1 still producing?
- RIPPLE UNIT 1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for RIPPLE UNIT 1 is August 2026.
- How much has RIPPLE UNIT 1 produced?
- RIPPLE UNIT 1 has reported 1,937,355 barrels of oil (bbl) to the Railroad Commission of Texas between June 2024 and August 2026, from 7 wellbores.
- How much is RIPPLE UNIT 1 worth?
- The remaining production from RIPPLE UNIT 1 is estimated to be worth about $70.7M in total as of 26 August 2026, within a range of $58.0M to $83.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIPPLE UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production RIPPLE UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIPPLE UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does RIPPLE UNIT 1 generate in a year?
- RIPPLE UNIT 1 is forecast to net about $47.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RIPPLE UNIT 1 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 | 62371 |
| Wellbores | 7 |
| Reported production | 1,937,355 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $70.7M |
Where RIPPLE UNIT 1 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.