UL 2631 W3
UL 2631 W3 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 186,517 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 $937K, with roughly $199K 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 369 barrels a month. Its strongest month on the record we hold was March 2021, at 25,421 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 2631 W3
- Who operates UL 2631 W3?
- UL 2631 W3 is operated by Qep Energy Company, Railroad Commission of Texas operator number 684474.
- Where is UL 2631 W3?
- UL 2631 W3 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54742.
- Is UL 2631 W3 still producing?
- UL 2631 W3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UL 2631 W3 is August 2026.
- How much has UL 2631 W3 produced?
- UL 2631 W3 has reported 186,517 barrels of oil (bbl) to the Railroad Commission of Texas between April 2020 and August 2026, from 1 wellbore.
- How much is UL 2631 W3 worth?
- The remaining production from UL 2631 W3 is estimated to be worth about $937K in total as of 27 August 2026, within a range of $731K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UL 2631 W3 is a fraction of it. The estimate fits an Arps decline curve to the production UL 2631 W3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UL 2631 W3 is an estimate of value, not an offer and not an appraisal.
- How much income does UL 2631 W3 generate in a year?
- UL 2631 W3 is forecast to net about $199K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UL 2631 W3 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 | 54742 |
| Wellbores | 1 |
| Reported production | 186,517 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $937K |
Where UL 2631 W3 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.