KELLY, K. M. OIL UNIT
KELLY, K. M. OIL UNIT is a Texas oil lease in Gregg County, Railroad Commission district 06, operated by Buffco Production Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 50,597 barrels. The lease is intermittent. 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 $22K, with roughly $4K 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 3 barrels a month. Its strongest month on the record we hold was September 2016, at 159 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 KELLY, K. M. OIL UNIT
- Who operates KELLY, K. M. OIL UNIT?
- KELLY, K. M. OIL UNIT is operated by Buffco Production Inc., Railroad Commission of Texas operator number 106406.
- Where is KELLY, K. M. OIL UNIT?
- KELLY, K. M. OIL UNIT is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 05353.
- Is KELLY, K. M. OIL UNIT still producing?
- KELLY, K. M. OIL UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for KELLY, K. M. OIL UNIT is August 2026.
- How much has KELLY, K. M. OIL UNIT produced?
- KELLY, K. M. OIL UNIT has reported 50,597 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KELLY, K. M. OIL UNIT worth?
- The remaining production from KELLY, K. M. OIL UNIT is estimated to be worth about $22K in total as of 26 August 2026, within a range of $0 to $44K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KELLY, K. M. OIL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KELLY, K. M. OIL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KELLY, K. M. OIL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KELLY, K. M. OIL UNIT generate in a year?
- KELLY, K. M. OIL UNIT is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KELLY, K. M. OIL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Buffco Production Inc. |
|---|---|
| Field | Willow Springs, Se (Travis Peak) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 05353 |
| Wellbores | 1 |
| Reported production | 50,597 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22K |
Where KELLY, K. M. OIL 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.