UNION
UNION is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Citation Oil & Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 41,913 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 $853K, with roughly $162K 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 135 barrels a month. Its strongest month on the record we hold was February 2026, at 441 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 UNION
- Who operates UNION?
- UNION is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is UNION?
- UNION is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 65494.
- Is UNION still producing?
- UNION is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNION is August 2026.
- How much has UNION produced?
- UNION has reported 41,913 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is UNION worth?
- The remaining production from UNION is estimated to be worth about $853K in total as of 27 August 2026, within a range of $665K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNION is a fraction of it. The estimate fits an Arps decline curve to the production UNION has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNION is an estimate of value, not an offer and not an appraisal.
- How much income does UNION generate in a year?
- UNION is forecast to net about $162K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNION receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Old Colony (L. Clearfork) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 65494 |
| Wellbores | 1 |
| Reported production | 41,913 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $853K |
Where UNION 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.