UTL 1308G
UTL 1308G is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Jagged Peak Energy LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2021 to August 2026, totalling 327,596 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 $6.2M, with roughly $1.7M 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 2,973 barrels a month. Its strongest month on the record we hold was March 2022, at 34,617 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 1308G
- Who operates UTL 1308G?
- UTL 1308G is operated by Jagged Peak Energy LLC, Railroad Commission of Texas operator number 429574.
- Where is UTL 1308G?
- UTL 1308G is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56430.
- Is UTL 1308G still producing?
- UTL 1308G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UTL 1308G is August 2026.
- How much has UTL 1308G produced?
- UTL 1308G has reported 327,596 barrels of oil (bbl) to the Railroad Commission of Texas between October 2021 and August 2026, from 1 wellbore.
- How much is UTL 1308G worth?
- The remaining production from UTL 1308G is estimated to be worth about $6.2M in total as of 27 August 2026, within a range of $5.2M to $7.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UTL 1308G is a fraction of it. The estimate fits an Arps decline curve to the production UTL 1308G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UTL 1308G is an estimate of value, not an offer and not an appraisal.
- How much income does UTL 1308G generate in a year?
- UTL 1308G is forecast to net about $1.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UTL 1308G receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jagged Peak Energy LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 56430 |
| Wellbores | 1 |
| Reported production | 327,596 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.2M |
Where UTL 1308G 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.