KUBIN-SCHMIDT UNIT
KUBIN-SCHMIDT UNIT is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 218,851 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 $232K, with roughly $44K 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 72 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was January 2018, at 430 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 KUBIN-SCHMIDT UNIT
- Who operates KUBIN-SCHMIDT UNIT?
- KUBIN-SCHMIDT UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is KUBIN-SCHMIDT UNIT?
- KUBIN-SCHMIDT UNIT is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 21413.
- Is KUBIN-SCHMIDT UNIT still producing?
- KUBIN-SCHMIDT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KUBIN-SCHMIDT UNIT is August 2026.
- How much has KUBIN-SCHMIDT UNIT produced?
- KUBIN-SCHMIDT UNIT has reported 218,851 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is KUBIN-SCHMIDT UNIT worth?
- The remaining production from KUBIN-SCHMIDT UNIT is estimated to be worth about $232K in total as of 27 August 2026, within a range of $128K to $337K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KUBIN-SCHMIDT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KUBIN-SCHMIDT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KUBIN-SCHMIDT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KUBIN-SCHMIDT UNIT generate in a year?
- KUBIN-SCHMIDT UNIT is forecast to net about $44K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KUBIN-SCHMIDT UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 21413 |
| Wellbores | 2 |
| Reported production | 218,851 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $232K |
Where KUBIN-SCHMIDT 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.