UL 0312 E12
UL 0312 E12 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Qep Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2019 to August 2026, totalling 259,503 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 $2.7M, with roughly $589K 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 683 barrels a month. Its strongest month on the record we hold was April 2020, at 24,485 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 UL 0312 E12
- Who operates UL 0312 E12?
- UL 0312 E12 is operated by Qep Energy Company, Railroad Commission of Texas operator number 684474.
- Where is UL 0312 E12?
- UL 0312 E12 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53014.
- Is UL 0312 E12 still producing?
- UL 0312 E12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UL 0312 E12 is August 2026.
- How much has UL 0312 E12 produced?
- UL 0312 E12 has reported 259,503 barrels of oil (bbl) to the Railroad Commission of Texas between May 2019 and August 2026, from 1 wellbore.
- How much is UL 0312 E12 worth?
- The remaining production from UL 0312 E12 is estimated to be worth about $2.7M in total as of 26 August 2026, within a range of $2.1M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UL 0312 E12 is a fraction of it. The estimate fits an Arps decline curve to the production UL 0312 E12 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UL 0312 E12 is an estimate of value, not an offer and not an appraisal.
- How much income does UL 0312 E12 generate in a year?
- UL 0312 E12 is forecast to net about $589K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UL 0312 E12 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Qep Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 53014 |
| Wellbores | 1 |
| Reported production | 259,503 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where UL 0312 E12 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.