RED HORSE "144"
RED HORSE "144" is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by TMBR/Sharp Drilling, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2002 to August 2026, totalling 25,256 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 $338K, with roughly $65K 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 87 barrels a month. Its strongest month on the record we hold was November 2023, at 537 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 RED HORSE "144"
- Who operates RED HORSE "144"?
- RED HORSE "144" is operated by TMBR/Sharp Drilling, Inc., Railroad Commission of Texas operator number 860902.
- Where is RED HORSE "144"?
- RED HORSE "144" is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37036.
- Is RED HORSE "144" still producing?
- RED HORSE "144" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED HORSE "144" is August 2026.
- How much has RED HORSE "144" produced?
- RED HORSE "144" has reported 25,256 barrels of oil (bbl) to the Railroad Commission of Texas between June 2002 and August 2026, from 1 wellbore.
- How much is RED HORSE "144" worth?
- The remaining production from RED HORSE "144" is estimated to be worth about $338K in total as of 27 August 2026, within a range of $186K to $490K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED HORSE "144" is a fraction of it. The estimate fits an Arps decline curve to the production RED HORSE "144" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED HORSE "144" is an estimate of value, not an offer and not an appraisal.
- How much income does RED HORSE "144" generate in a year?
- RED HORSE "144" is forecast to net about $65K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RED HORSE "144" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | TMBR/Sharp Drilling, Inc. |
|---|---|
| Field | Lookski (Bell Canyon) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 37036 |
| Wellbores | 1 |
| Reported production | 25,256 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $338K |
Where RED HORSE "144" 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.