REDLANDS
REDLANDS is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Cory, Kenneth W. Ltd. It has 3 wellbores on file with the Commission. Reported production runs from January 2024 to August 2026, totalling 45,966 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 $1.9M, with roughly $739K 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 1,733 barrels a month, about 578 per wellbore. Its strongest month on the record we hold was March 2025, at 5,987 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 REDLANDS
- Who operates REDLANDS?
- REDLANDS is operated by Cory, Kenneth W. Ltd., Railroad Commission of Texas operator number 180351.
- Where is REDLANDS?
- REDLANDS is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71361.
- Is REDLANDS still producing?
- REDLANDS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REDLANDS is August 2026.
- How much has REDLANDS produced?
- REDLANDS has reported 45,966 barrels of oil (bbl) to the Railroad Commission of Texas between January 2024 and August 2026, from 3 wellbores.
- How much is REDLANDS worth?
- The remaining production from REDLANDS is estimated to be worth about $1.9M in total as of 26 August 2026, within a range of $1.6M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REDLANDS is a fraction of it. The estimate fits an Arps decline curve to the production REDLANDS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REDLANDS is an estimate of value, not an offer and not an appraisal.
- How much income does REDLANDS generate in a year?
- REDLANDS is forecast to net about $739K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REDLANDS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cory, Kenneth W. Ltd. |
|---|---|
| Field | Suntura (Lower Clear Fork) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 71361 |
| Wellbores | 3 |
| Reported production | 45,966 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where REDLANDS 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.