UTL 2635-17M
UTL 2635-17M 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 July 2024 to August 2026, totalling 42,999 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 $4.1M, with roughly $1.2M 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 1,651 barrels a month. Its strongest month on the record we hold was July 2024, at 2,947 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 2635-17M
- Who operates UTL 2635-17M?
- UTL 2635-17M is operated by Jagged Peak Energy LLC, Railroad Commission of Texas operator number 429574.
- Where is UTL 2635-17M?
- UTL 2635-17M is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61548.
- Is UTL 2635-17M still producing?
- UTL 2635-17M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UTL 2635-17M is August 2026.
- How much has UTL 2635-17M produced?
- UTL 2635-17M has reported 42,999 barrels of oil (bbl) to the Railroad Commission of Texas between July 2024 and August 2026, from 1 wellbore.
- How much is UTL 2635-17M worth?
- The remaining production from UTL 2635-17M is estimated to be worth about $4.1M in total as of 27 August 2026, within a range of $3.4M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UTL 2635-17M is a fraction of it. The estimate fits an Arps decline curve to the production UTL 2635-17M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UTL 2635-17M is an estimate of value, not an offer and not an appraisal.
- How much income does UTL 2635-17M generate in a year?
- UTL 2635-17M is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UTL 2635-17M 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 | 61548 |
| Wellbores | 1 |
| Reported production | 42,999 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where UTL 2635-17M 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.