FAITH-STATE-RINCON 'D' UNIT
FAITH-STATE-RINCON 'D' UNIT is a Texas oil lease in Maverick County, Railroad Commission district 01, operated by Strand Energy, L.C. It has 4 wellbores on file with the Commission. Reported production runs from August 2024 to August 2026, totalling 262,517 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 $10.2M, with roughly $3.7M 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 7,968 barrels a month, about 1,992 per wellbore. Its strongest month on the record we hold was October 2024, at 32,410 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 FAITH-STATE-RINCON 'D' UNIT
- Who operates FAITH-STATE-RINCON 'D' UNIT?
- FAITH-STATE-RINCON 'D' UNIT is operated by Strand Energy, L.C., Railroad Commission of Texas operator number 824758.
- Where is FAITH-STATE-RINCON 'D' UNIT?
- FAITH-STATE-RINCON 'D' UNIT is a Texas oil lease in Maverick County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21546.
- Is FAITH-STATE-RINCON 'D' UNIT still producing?
- FAITH-STATE-RINCON 'D' UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAITH-STATE-RINCON 'D' UNIT is August 2026.
- How much has FAITH-STATE-RINCON 'D' UNIT produced?
- FAITH-STATE-RINCON 'D' UNIT has reported 262,517 barrels of oil (bbl) to the Railroad Commission of Texas between August 2024 and August 2026, from 4 wellbores.
- How much is FAITH-STATE-RINCON 'D' UNIT worth?
- The remaining production from FAITH-STATE-RINCON 'D' UNIT is estimated to be worth about $10.2M in total as of 26 August 2026, within a range of $8.5M to $11.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAITH-STATE-RINCON 'D' UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FAITH-STATE-RINCON 'D' UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAITH-STATE-RINCON 'D' UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FAITH-STATE-RINCON 'D' UNIT generate in a year?
- FAITH-STATE-RINCON 'D' UNIT is forecast to net about $3.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FAITH-STATE-RINCON 'D' UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Strand Energy, L.C. |
|---|---|
| Field | Hugh Fitzsimmons (San Miguel) |
| County | Maverick County, Texas |
| RRC district | 01 |
| Lease number | 21546 |
| Wellbores | 4 |
| Reported production | 262,517 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.2M |
Where FAITH-STATE-RINCON 'D' 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.