KLINE
KLINE is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Ip Petroleum Company, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 512,844 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 $460K, with roughly $89K 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 243 barrels a month, about 81 per wellbore. Its strongest month on the record we hold was July 2016, at 1,457 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 KLINE
- Who operates KLINE?
- KLINE is operated by Ip Petroleum Company, Inc., Railroad Commission of Texas operator number 425801.
- Where is KLINE?
- KLINE is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66117.
- Is KLINE still producing?
- KLINE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KLINE is August 2026.
- How much has KLINE produced?
- KLINE has reported 512,844 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is KLINE worth?
- The remaining production from KLINE is estimated to be worth about $460K in total as of 27 August 2026, within a range of $359K to $562K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KLINE is a fraction of it. The estimate fits an Arps decline curve to the production KLINE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KLINE is an estimate of value, not an offer and not an appraisal.
- How much income does KLINE generate in a year?
- KLINE is forecast to net about $89K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KLINE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ip Petroleum Company, Inc. |
|---|---|
| Field | Tufbow (Strawn) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 66117 |
| Wellbores | 3 |
| Reported production | 512,844 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $460K |
Where KLINE 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.