BRAWNER, L. M. 10

BRAWNER, L. M. 10 is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 6 wellbores on file with the Commission. Reported production runs from June 1997 to August 2026, totalling 361,324 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $13K, with roughly $3K expected over the next twelve months. Over the last twelve months on file it averaged 140 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was May 2016, at 508 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.

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.