UL 2539 E3
UL 2539 E3 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 April 2020 to August 2026, totalling 260,933 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 $1.5M, with roughly $654K 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 1,075 barrels a month. Its strongest month on the record we hold was April 2021, at 29,521 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 2539 E3
- Who operates UL 2539 E3?
- UL 2539 E3 is operated by Qep Energy Company, Railroad Commission of Texas operator number 684474.
- Where is UL 2539 E3?
- UL 2539 E3 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55449.
- Is UL 2539 E3 still producing?
- UL 2539 E3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UL 2539 E3 is August 2026.
- How much has UL 2539 E3 produced?
- UL 2539 E3 has reported 260,933 barrels of oil (bbl) to the Railroad Commission of Texas between April 2020 and August 2026, from 1 wellbore.
- How much is UL 2539 E3 worth?
- The remaining production from UL 2539 E3 is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.3M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UL 2539 E3 is a fraction of it. The estimate fits an Arps decline curve to the production UL 2539 E3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UL 2539 E3 is an estimate of value, not an offer and not an appraisal.
- How much income does UL 2539 E3 generate in a year?
- UL 2539 E3 is forecast to net about $654K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UL 2539 E3 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 | 55449 |
| Wellbores | 1 |
| Reported production | 260,933 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where UL 2539 E3 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.