LITTLE, O. L.
LITTLE, O. L. is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Export Petroleum Corporation. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,974,148 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 $5.8M, with roughly $1.3M 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 1,877 barrels a month, about 171 per wellbore. Its strongest month on the record we hold was August 2016, at 3,096 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LITTLE, O. L.
- Who operates LITTLE, O. L.?
- LITTLE, O. L. is operated by Export Petroleum Corporation, Railroad Commission of Texas operator number 257074.
- Where is LITTLE, O. L.?
- LITTLE, O. L. is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 03060.
- Is LITTLE, O. L. still producing?
- LITTLE, O. L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LITTLE, O. L. is August 2026.
- How much has LITTLE, O. L. produced?
- LITTLE, O. L. has reported 1,974,148 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is LITTLE, O. L. worth?
- The remaining production from LITTLE, O. L. is estimated to be worth about $5.8M in total as of 26 August 2026, within a range of $4.8M to $6.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LITTLE, O. L. is a fraction of it. The estimate fits an Arps decline curve to the production LITTLE, O. L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LITTLE, O. L. is an estimate of value, not an offer and not an appraisal.
- How much income does LITTLE, O. L. generate in a year?
- LITTLE, O. L. is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LITTLE, O. L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Export Petroleum Corporation |
|---|---|
| Field | Sherman, East |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 03060 |
| Wellbores | 11 |
| Reported production | 1,974,148 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.8M |
Where LITTLE, O. L. 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.