UTL 0708B
UTL 0708B is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Continental Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 184,017 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 $8.3M, with roughly $2.2M 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 3,339 barrels a month. Its strongest month on the record we hold was December 2023, at 24,140 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 UTL 0708B
- Who operates UTL 0708B?
- UTL 0708B is operated by Continental Resources, Inc., Railroad Commission of Texas operator number 173777.
- Where is UTL 0708B?
- UTL 0708B is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60870.
- Is UTL 0708B still producing?
- UTL 0708B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UTL 0708B is August 2026.
- How much has UTL 0708B produced?
- UTL 0708B has reported 184,017 barrels of oil (bbl) to the Railroad Commission of Texas between November 2023 and August 2026, from 1 wellbore.
- How much is UTL 0708B worth?
- The remaining production from UTL 0708B is estimated to be worth about $8.3M in total as of 26 August 2026, within a range of $6.9M to $9.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UTL 0708B is a fraction of it. The estimate fits an Arps decline curve to the production UTL 0708B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UTL 0708B is an estimate of value, not an offer and not an appraisal.
- How much income does UTL 0708B generate in a year?
- UTL 0708B is forecast to net about $2.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UTL 0708B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Continental Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 60870 |
| Wellbores | 1 |
| Reported production | 184,017 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.3M |
Where UTL 0708B 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.