ULANDS 48 2-12 A
ULANDS 48 2-12 A is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Earthstone Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from April 2022 to August 2026, totalling 147,020 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 $5.8M, with roughly $2.1M 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 4,364 barrels a month, about 1,455 per wellbore. Its strongest month on the record we hold was October 2024, at 23,923 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 ULANDS 48 2-12 A
- Who operates ULANDS 48 2-12 A?
- ULANDS 48 2-12 A is operated by Earthstone Operating, LLC, Railroad Commission of Texas operator number 238732.
- Where is ULANDS 48 2-12 A?
- ULANDS 48 2-12 A is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22429.
- Is ULANDS 48 2-12 A still producing?
- ULANDS 48 2-12 A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ULANDS 48 2-12 A is August 2026.
- How much has ULANDS 48 2-12 A produced?
- ULANDS 48 2-12 A has reported 147,020 barrels of oil (bbl) to the Railroad Commission of Texas between April 2022 and August 2026, from 3 wellbores.
- How much is ULANDS 48 2-12 A worth?
- The remaining production from ULANDS 48 2-12 A is estimated to be worth about $5.8M in total as of 27 August 2026, within a range of $4.8M to $6.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ULANDS 48 2-12 A is a fraction of it. The estimate fits an Arps decline curve to the production ULANDS 48 2-12 A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ULANDS 48 2-12 A is an estimate of value, not an offer and not an appraisal.
- How much income does ULANDS 48 2-12 A generate in a year?
- ULANDS 48 2-12 A is forecast to net about $2.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ULANDS 48 2-12 A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Earthstone Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 22429 |
| Wellbores | 3 |
| Reported production | 147,020 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.8M |
Where ULANDS 48 2-12 A 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.