LUTHER UNIT
LUTHER UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Tex-Lee Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 192,727 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 $866K, with roughly $161K 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 57 barrels a month. Its strongest month on the record we hold was June 2022, at 388 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 LUTHER UNIT
- Who operates LUTHER UNIT?
- LUTHER UNIT is operated by Tex-Lee Operating Company, Railroad Commission of Texas operator number 849765.
- Where is LUTHER UNIT?
- LUTHER UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 15028.
- Is LUTHER UNIT still producing?
- LUTHER UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LUTHER UNIT is August 2026.
- How much has LUTHER UNIT produced?
- LUTHER UNIT has reported 192,727 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LUTHER UNIT worth?
- The remaining production from LUTHER UNIT is estimated to be worth about $866K in total as of 26 August 2026, within a range of $476K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LUTHER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LUTHER UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LUTHER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LUTHER UNIT generate in a year?
- LUTHER UNIT is forecast to net about $161K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LUTHER UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tex-Lee Operating Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 15028 |
| Wellbores | 1 |
| Reported production | 192,727 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $866K |
Where LUTHER 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.