REDONION
REDONION is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Great Western Drilling Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2018 to August 2026, totalling 17,987 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 $389K, with roughly $75K 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 92 barrels a month. Its strongest month on the record we hold was April 2018, at 1,420 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 REDONION
- Who operates REDONION?
- REDONION is operated by Great Western Drilling Company, Railroad Commission of Texas operator number 328780.
- Where is REDONION?
- REDONION is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70774.
- Is REDONION still producing?
- REDONION is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REDONION is August 2026.
- How much has REDONION produced?
- REDONION has reported 17,987 barrels of oil (bbl) to the Railroad Commission of Texas between March 2018 and August 2026, from 1 wellbore.
- How much is REDONION worth?
- The remaining production from REDONION is estimated to be worth about $389K in total as of 26 August 2026, within a range of $214K to $564K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REDONION is a fraction of it. The estimate fits an Arps decline curve to the production REDONION has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REDONION is an estimate of value, not an offer and not an appraisal.
- How much income does REDONION generate in a year?
- REDONION is forecast to net about $75K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REDONION receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Great Western Drilling Company |
|---|---|
| Field | Tokio, South (Leonard) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 70774 |
| Wellbores | 1 |
| Reported production | 17,987 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $389K |
Where REDONION 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.