RED DRAW 310
RED DRAW 310 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Burk Royalty Co., Ltd. It has 1 wellbore on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 14,836 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 $902K, with roughly $172K 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 247 barrels a month. Its strongest month on the record we hold was April 2022, at 623 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 RED DRAW 310
- Who operates RED DRAW 310?
- RED DRAW 310 is operated by Burk Royalty Co., Ltd., Railroad Commission of Texas operator number 108799.
- Where is RED DRAW 310?
- RED DRAW 310 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71237.
- Is RED DRAW 310 still producing?
- RED DRAW 310 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED DRAW 310 is August 2026.
- How much has RED DRAW 310 produced?
- RED DRAW 310 has reported 14,836 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 1 wellbore.
- How much is RED DRAW 310 worth?
- The remaining production from RED DRAW 310 is estimated to be worth about $902K in total as of 26 August 2026, within a range of $704K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED DRAW 310 is a fraction of it. The estimate fits an Arps decline curve to the production RED DRAW 310 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED DRAW 310 is an estimate of value, not an offer and not an appraisal.
- How much income does RED DRAW 310 generate in a year?
- RED DRAW 310 is forecast to net about $172K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED DRAW 310 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burk Royalty Co., Ltd. |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 71237 |
| Wellbores | 1 |
| Reported production | 14,836 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $902K |
Where RED DRAW 310 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.