POINT RED
POINT RED is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Point Energy Partners Petro, LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2020 to August 2026, totalling 742,391 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 $5.1M, with roughly $2.4M 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 3,804 barrels a month. Its strongest month on the record we hold was August 2020, at 39,346 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 POINT RED
- Who operates POINT RED?
- POINT RED is operated by Point Energy Partners Petro, LLC, Railroad Commission of Texas operator number 668897.
- Where is POINT RED?
- POINT RED is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54526.
- Is POINT RED still producing?
- POINT RED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POINT RED is August 2026.
- How much has POINT RED produced?
- POINT RED has reported 742,391 barrels of oil (bbl) to the Railroad Commission of Texas between April 2020 and August 2026, from 1 wellbore.
- How much is POINT RED worth?
- The remaining production from POINT RED is estimated to be worth about $5.1M in total as of 26 August 2026, within a range of $4.3M to $6.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POINT RED is a fraction of it. The estimate fits an Arps decline curve to the production POINT RED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POINT RED is an estimate of value, not an offer and not an appraisal.
- How much income does POINT RED generate in a year?
- POINT RED is forecast to net about $2.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POINT RED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Point Energy Partners Petro, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 54526 |
| Wellbores | 1 |
| Reported production | 742,391 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.1M |
Where POINT RED 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.