HERD 20
HERD 20 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Upcurve Energy, LLC. It has 4 wellbores on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 529,036 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 $3.1M, with roughly $890K 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 1,140 barrels a month, about 285 per wellbore. Its strongest month on the record we hold was September 2019, at 33,767 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 HERD 20
- Who operates HERD 20?
- HERD 20 is operated by Upcurve Energy, LLC, Railroad Commission of Texas operator number 878506.
- Where is HERD 20?
- HERD 20 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54224.
- Is HERD 20 still producing?
- HERD 20 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERD 20 is August 2026.
- How much has HERD 20 produced?
- HERD 20 has reported 529,036 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 4 wellbores.
- How much is HERD 20 worth?
- The remaining production from HERD 20 is estimated to be worth about $3.1M in total as of 26 August 2026, within a range of $2.5M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERD 20 is a fraction of it. The estimate fits an Arps decline curve to the production HERD 20 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERD 20 is an estimate of value, not an offer and not an appraisal.
- How much income does HERD 20 generate in a year?
- HERD 20 is forecast to net about $890K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HERD 20 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Upcurve Energy, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 54224 |
| Wellbores | 4 |
| Reported production | 529,036 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where HERD 20 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.