POLAR BEAR
POLAR BEAR is a Texas oil lease in Brazos County, Railroad Commission district 03, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2001 to August 2026, totalling 391,733 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 $1.1M, with roughly $260K 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 382 barrels a month. Its strongest month on the record we hold was June 2018, at 998 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 POLAR BEAR
- Who operates POLAR BEAR?
- POLAR BEAR is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is POLAR BEAR?
- POLAR BEAR is a Texas oil lease in Brazos County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24132.
- Is POLAR BEAR still producing?
- POLAR BEAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POLAR BEAR is August 2026.
- How much has POLAR BEAR produced?
- POLAR BEAR has reported 391,733 barrels of oil (bbl) to the Railroad Commission of Texas between May 2001 and August 2026, from 1 wellbore.
- How much is POLAR BEAR worth?
- The remaining production from POLAR BEAR is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $891K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POLAR BEAR is a fraction of it. The estimate fits an Arps decline curve to the production POLAR BEAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POLAR BEAR is an estimate of value, not an offer and not an appraisal.
- How much income does POLAR BEAR generate in a year?
- POLAR BEAR is forecast to net about $260K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POLAR BEAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Brazos County, Texas |
| RRC district | 03 |
| Lease number | 24132 |
| Wellbores | 1 |
| Reported production | 391,733 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where POLAR BEAR 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.