HERRELL, E. QUEEN SAND UNIT
HERRELL, E. QUEEN SAND UNIT is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Marathon Oil Company. It has 61 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,717,892 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 $1.7M, with roughly $417K 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 641 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was January 2020, at 1,524 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 HERRELL, E. QUEEN SAND UNIT
- Who operates HERRELL, E. QUEEN SAND UNIT?
- HERRELL, E. QUEEN SAND UNIT is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is HERRELL, E. QUEEN SAND UNIT?
- HERRELL, E. QUEEN SAND UNIT is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 30592.
- Is HERRELL, E. QUEEN SAND UNIT still producing?
- HERRELL, E. QUEEN SAND UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERRELL, E. QUEEN SAND UNIT is August 2026.
- How much has HERRELL, E. QUEEN SAND UNIT produced?
- HERRELL, E. QUEEN SAND UNIT has reported 1,717,892 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 61 wellbores.
- How much is HERRELL, E. QUEEN SAND UNIT worth?
- The remaining production from HERRELL, E. QUEEN SAND UNIT is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERRELL, E. QUEEN SAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HERRELL, E. QUEEN SAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERRELL, E. QUEEN SAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HERRELL, E. QUEEN SAND UNIT generate in a year?
- HERRELL, E. QUEEN SAND UNIT is forecast to net about $417K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HERRELL, E. QUEEN SAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Herrell, East (Queen Sand) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 30592 |
| Wellbores | 61 |
| Reported production | 1,717,892 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where HERRELL, E. QUEEN SAND 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.