BURNS-STATE UNIT
BURNS-STATE UNIT is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Encana Oil & Gas(USA) Inc. It has 2 wellbores on file with the Commission. Reported production runs from November 2013 to August 2026, totalling 302,243 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 $2.5M, with roughly $575K 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 838 barrels a month, about 419 per wellbore. Its strongest month on the record we hold was July 2016, at 3,605 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 BURNS-STATE UNIT
- Who operates BURNS-STATE UNIT?
- BURNS-STATE UNIT is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is BURNS-STATE UNIT?
- BURNS-STATE UNIT is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26374.
- Is BURNS-STATE UNIT still producing?
- BURNS-STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURNS-STATE UNIT is August 2026.
- How much has BURNS-STATE UNIT produced?
- BURNS-STATE UNIT has reported 302,243 barrels of oil (bbl) to the Railroad Commission of Texas between November 2013 and August 2026, from 2 wellbores.
- How much is BURNS-STATE UNIT worth?
- The remaining production from BURNS-STATE UNIT is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $2.0M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURNS-STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BURNS-STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURNS-STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BURNS-STATE UNIT generate in a year?
- BURNS-STATE UNIT is forecast to net about $575K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BURNS-STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 26374 |
| Wellbores | 2 |
| Reported production | 302,243 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where BURNS-STATE 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.