IRENE
IRENE is a Texas oil lease in Lee County, Railroad Commission district 03, operated by U. S. Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2011 to August 2026, totalling 8,855 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 $123K, with roughly $23K 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 34 barrels a month. Its strongest month on the record we hold was February 2025, at 65 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 IRENE
- Who operates IRENE?
- IRENE is operated by U. S. Operating, Inc., Railroad Commission of Texas operator number 875431.
- Where is IRENE?
- IRENE is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25761.
- Is IRENE still producing?
- IRENE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IRENE is August 2026.
- How much has IRENE produced?
- IRENE has reported 8,855 barrels of oil (bbl) to the Railroad Commission of Texas between April 2011 and August 2026, from 1 wellbore.
- How much is IRENE worth?
- The remaining production from IRENE is estimated to be worth about $123K in total as of 27 August 2026, within a range of $68K to $178K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IRENE is a fraction of it. The estimate fits an Arps decline curve to the production IRENE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IRENE is an estimate of value, not an offer and not an appraisal.
- How much income does IRENE generate in a year?
- IRENE is forecast to net about $23K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in IRENE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U. S. Operating, Inc. |
|---|---|
| Field | Giddings (Navarro, Oil) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 25761 |
| Wellbores | 1 |
| Reported production | 8,855 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $123K |
Where IRENE 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.