REDHORN 4303 UNIT
REDHORN 4303 UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by PDC Permian, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2022 to August 2026, totalling 1,976,632 thousand cubic feet. 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 $9.7M, with roughly $2.6M 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 28,056 thousand cubic feet a month. Its strongest month on the record we hold was April 2023, at 176,253 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 REDHORN 4303 UNIT
- Who operates REDHORN 4303 UNIT?
- REDHORN 4303 UNIT is operated by PDC Permian, Inc., Railroad Commission of Texas operator number 646832.
- Where is REDHORN 4303 UNIT?
- REDHORN 4303 UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 293314.
- Is REDHORN 4303 UNIT still producing?
- REDHORN 4303 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REDHORN 4303 UNIT is August 2026.
- How much has REDHORN 4303 UNIT produced?
- REDHORN 4303 UNIT has reported 1,976,632 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2022 and August 2026, from 1 wellbore.
- How much is REDHORN 4303 UNIT worth?
- The remaining production from REDHORN 4303 UNIT is estimated to be worth about $9.7M in total as of 27 August 2026, within a range of $8.0M to $11.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REDHORN 4303 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production REDHORN 4303 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REDHORN 4303 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does REDHORN 4303 UNIT generate in a year?
- REDHORN 4303 UNIT is forecast to net about $2.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in REDHORN 4303 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | PDC Permian, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 293314 |
| Wellbores | 1 |
| Reported production | 1,976,632 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.7M |
Where REDHORN 4303 UNIT 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.