SPEEDWAY 1-2
SPEEDWAY 1-2 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by VTX Energy Operating, LLC. It has 5 wellbores on file with the Commission. Reported production runs from January 2025 to August 2026, totalling 706,633 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 $32.8M, with roughly $12.8M 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 39,226 barrels a month, about 7,845 per wellbore. Its strongest month on the record we hold was April 2025, at 95,916 barrels. 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 SPEEDWAY 1-2
- Who operates SPEEDWAY 1-2?
- SPEEDWAY 1-2 is operated by VTX Energy Operating, LLC, Railroad Commission of Texas operator number 101377.
- Where is SPEEDWAY 1-2?
- SPEEDWAY 1-2 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63166.
- Is SPEEDWAY 1-2 still producing?
- SPEEDWAY 1-2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SPEEDWAY 1-2 is August 2026.
- How much has SPEEDWAY 1-2 produced?
- SPEEDWAY 1-2 has reported 706,633 barrels of oil (bbl) to the Railroad Commission of Texas between January 2025 and August 2026, from 5 wellbores.
- How much is SPEEDWAY 1-2 worth?
- The remaining production from SPEEDWAY 1-2 is estimated to be worth about $32.8M in total as of 27 August 2026, within a range of $26.9M to $38.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SPEEDWAY 1-2 is a fraction of it. The estimate fits an Arps decline curve to the production SPEEDWAY 1-2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SPEEDWAY 1-2 is an estimate of value, not an offer and not an appraisal.
- How much income does SPEEDWAY 1-2 generate in a year?
- SPEEDWAY 1-2 is forecast to net about $12.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SPEEDWAY 1-2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | VTX Energy Operating, LLC |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 63166 |
| Wellbores | 5 |
| Reported production | 706,633 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $32.8M |
Where SPEEDWAY 1-2 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.