TOAD
TOAD is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 13 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 821,372 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 $716K, with roughly $137K 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 180 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was June 2020, at 857 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 TOAD
- Who operates TOAD?
- TOAD is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is TOAD?
- TOAD is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32025.
- Is TOAD still producing?
- TOAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TOAD is August 2026.
- How much has TOAD produced?
- TOAD has reported 821,372 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 13 wellbores.
- How much is TOAD worth?
- The remaining production from TOAD is estimated to be worth about $716K in total as of 26 August 2026, within a range of $558K to $873K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TOAD is a fraction of it. The estimate fits an Arps decline curve to the production TOAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TOAD is an estimate of value, not an offer and not an appraisal.
- How much income does TOAD generate in a year?
- TOAD is forecast to net about $137K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TOAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Cowden, North (Deep) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 32025 |
| Wellbores | 13 |
| Reported production | 821,372 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $716K |
Where TOAD 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.