KOENNING UNIT
KOENNING UNIT is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Riley Exploration, LLC. It has 3 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 531,272 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 $2.5M, with roughly $545K 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 586 barrels a month, about 195 per wellbore. Its strongest month on the record we hold was December 2019, at 43,583 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 KOENNING UNIT
- Who operates KOENNING UNIT?
- KOENNING UNIT is operated by Riley Exploration, LLC, Railroad Commission of Texas operator number 712156.
- Where is KOENNING UNIT?
- KOENNING UNIT is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15394.
- Is KOENNING UNIT still producing?
- KOENNING UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KOENNING UNIT is August 2026.
- How much has KOENNING UNIT produced?
- KOENNING UNIT has reported 531,272 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 3 wellbores.
- How much is KOENNING UNIT worth?
- The remaining production from KOENNING UNIT is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $1.9M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KOENNING UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KOENNING UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KOENNING UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KOENNING UNIT generate in a year?
- KOENNING UNIT is forecast to net about $545K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KOENNING UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Riley Exploration, LLC |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 15394 |
| Wellbores | 3 |
| Reported production | 531,272 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where KOENNING UNIT 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.