UL FREMONT 38-17
UL FREMONT 38-17 is a Texas gas lease in Ward County, Railroad Commission district 08, operated by WPX Energy Permian, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2017 to August 2026, totalling 1,194,507 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 $414K, with roughly $257K 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 3,328 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 56,624 thousand cubic feet. 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 UL FREMONT 38-17
- Who operates UL FREMONT 38-17?
- UL FREMONT 38-17 is operated by WPX Energy Permian, LLC, Railroad Commission of Texas operator number 942623.
- Where is UL FREMONT 38-17?
- UL FREMONT 38-17 is a Texas gas lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 293499.
- Is UL FREMONT 38-17 still producing?
- UL FREMONT 38-17 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UL FREMONT 38-17 is August 2026.
- How much has UL FREMONT 38-17 produced?
- UL FREMONT 38-17 has reported 1,194,507 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2017 and August 2026, from 1 wellbore.
- How much is UL FREMONT 38-17 worth?
- The remaining production from UL FREMONT 38-17 is estimated to be worth about $414K in total as of 27 August 2026, within a range of $344K to $484K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UL FREMONT 38-17 is a fraction of it. The estimate fits an Arps decline curve to the production UL FREMONT 38-17 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UL FREMONT 38-17 is an estimate of value, not an offer and not an appraisal.
- How much income does UL FREMONT 38-17 generate in a year?
- UL FREMONT 38-17 is forecast to net about $257K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UL FREMONT 38-17 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | WPX Energy Permian, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 293499 |
| Wellbores | 1 |
| Reported production | 1,194,507 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $414K |
Where UL FREMONT 38-17 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.