LRT UNIT 1 ALLOCATION
LRT UNIT 1 ALLOCATION is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Xto Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 409,342 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 $532K 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 829 barrels a month. Its strongest month on the record we hold was July 2019, at 28,066 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 LRT UNIT 1 ALLOCATION
- Who operates LRT UNIT 1 ALLOCATION?
- LRT UNIT 1 ALLOCATION is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is LRT UNIT 1 ALLOCATION?
- LRT UNIT 1 ALLOCATION is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51352.
- Is LRT UNIT 1 ALLOCATION still producing?
- LRT UNIT 1 ALLOCATION is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LRT UNIT 1 ALLOCATION is August 2026.
- How much has LRT UNIT 1 ALLOCATION produced?
- LRT UNIT 1 ALLOCATION has reported 409,342 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 1 wellbore.
- How much is LRT UNIT 1 ALLOCATION worth?
- The remaining production from LRT UNIT 1 ALLOCATION is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.3M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LRT UNIT 1 ALLOCATION is a fraction of it. The estimate fits an Arps decline curve to the production LRT UNIT 1 ALLOCATION has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LRT UNIT 1 ALLOCATION is an estimate of value, not an offer and not an appraisal.
- How much income does LRT UNIT 1 ALLOCATION generate in a year?
- LRT UNIT 1 ALLOCATION is forecast to net about $532K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LRT UNIT 1 ALLOCATION receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 51352 |
| Wellbores | 1 |
| Reported production | 409,342 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where LRT UNIT 1 ALLOCATION 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.