WALKER UNIT 16-20
WALKER UNIT 16-20 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Element Petroleum Op Iii, Llc. It has 3 wellbores on file with the Commission. Reported production runs from September 2021 to August 2026, totalling 554,267 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 $76K, with roughly $40K expected over the next twelve months.
| Operator | Element Petroleum Op Iii, Llc |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 56451 |
| Wellbores | 3 |
| Reported production | 554,267 bbl |
| First reported | September 2021 |
| Last reported | August 2026 |
| Estimated royalty value | $76K |
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.