UTL 1308N
UTL 1308N 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 September 2025 to August 2026, totalling 137,797 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 $4.5M, with roughly $3.9M 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 16,090 barrels a month. Its strongest month on the record we hold was October 2025, at 23,500 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 1308N
- Who operates UTL 1308N?
- UTL 1308N is operated by Jagged Peak Energy LLC, Railroad Commission of Texas operator number 429574.
- Where is UTL 1308N?
- UTL 1308N is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64469.
- Is UTL 1308N still producing?
- UTL 1308N is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UTL 1308N is August 2026.
- How much has UTL 1308N produced?
- UTL 1308N has reported 137,797 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is UTL 1308N worth?
- The remaining production from UTL 1308N is estimated to be worth about $4.5M in total as of 27 August 2026, within a range of $3.7M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UTL 1308N is a fraction of it. The estimate fits an Arps decline curve to the production UTL 1308N has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UTL 1308N is an estimate of value, not an offer and not an appraisal.
- How much income does UTL 1308N generate in a year?
- UTL 1308N is forecast to net about $3.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UTL 1308N 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 | 64469 |
| Wellbores | 1 |
| Reported production | 137,797 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.5M |
Where UTL 1308N 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.