UTL 4231C
UTL 4231C is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Continental Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2025 to August 2026, totalling 131,403 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 $3.6M, with roughly $2.9M 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 12,459 barrels a month. Its strongest month on the record we hold was August 2025, at 26,270 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 4231C
- Who operates UTL 4231C?
- UTL 4231C is operated by Continental Resources, Inc., Railroad Commission of Texas operator number 173777.
- Where is UTL 4231C?
- UTL 4231C is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64072.
- Is UTL 4231C still producing?
- UTL 4231C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UTL 4231C is August 2026.
- How much has UTL 4231C produced?
- UTL 4231C has reported 131,403 barrels of oil (bbl) to the Railroad Commission of Texas between July 2025 and August 2026, from 1 wellbore.
- How much is UTL 4231C worth?
- The remaining production from UTL 4231C is estimated to be worth about $3.6M in total as of 27 August 2026, within a range of $2.9M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UTL 4231C is a fraction of it. The estimate fits an Arps decline curve to the production UTL 4231C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UTL 4231C is an estimate of value, not an offer and not an appraisal.
- How much income does UTL 4231C generate in a year?
- UTL 4231C is forecast to net about $2.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UTL 4231C 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 | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 64072 |
| Wellbores | 1 |
| Reported production | 131,403 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where UTL 4231C 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.