LUKE
LUKE is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Grewing, Herman. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 34,862 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 $297K, with roughly $57K 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 85 barrels a month, about 17 per wellbore. Its strongest month on the record we hold was March 2024, at 126 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 LUKE
- Who operates LUKE?
- LUKE is operated by Grewing, Herman, Railroad Commission of Texas operator number 333640.
- Where is LUKE?
- LUKE is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 02105.
- Is LUKE still producing?
- LUKE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LUKE is August 2026.
- How much has LUKE produced?
- LUKE has reported 34,862 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is LUKE worth?
- The remaining production from LUKE is estimated to be worth about $297K in total as of 26 August 2026, within a range of $163K to $431K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LUKE is a fraction of it. The estimate fits an Arps decline curve to the production LUKE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LUKE is an estimate of value, not an offer and not an appraisal.
- How much income does LUKE generate in a year?
- LUKE is forecast to net about $57K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LUKE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Grewing, Herman |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 02105 |
| Wellbores | 5 |
| Reported production | 34,862 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $297K |
Where LUKE 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.