LUCAS-OBN UNIT #3
LUCAS-OBN UNIT #3 is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Osborn,W.B. Oil & Gas Operations. It has 1 wellbore on file with the Commission. Reported production runs from November 2005 to August 2026, totalling 26,150 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $3K, with roughly $331 expected over the next twelve months.
| Operator | Osborn,W.B. Oil & Gas Operations |
|---|---|
| Field | St. Jo Ridge (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 30550 |
| Wellbores | 1 |
| Reported production | 26,150 bbl |
| First reported | November 2005 |
| Last reported | August 2026 |
| Estimated royalty value | $3K |
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.