IVERSON DEEP
IVERSON DEEP is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 94,980 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 $595K, with roughly $112K 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 127 barrels a month, about 63 per wellbore. Its strongest month on the record we hold was March 2022, at 204 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 IVERSON DEEP
- Who operates IVERSON DEEP?
- IVERSON DEEP is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is IVERSON DEEP?
- IVERSON DEEP is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31205.
- Is IVERSON DEEP still producing?
- IVERSON DEEP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IVERSON DEEP is August 2026.
- How much has IVERSON DEEP produced?
- IVERSON DEEP has reported 94,980 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is IVERSON DEEP worth?
- The remaining production from IVERSON DEEP is estimated to be worth about $595K in total as of 26 August 2026, within a range of $464K to $726K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IVERSON DEEP is a fraction of it. The estimate fits an Arps decline curve to the production IVERSON DEEP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IVERSON DEEP is an estimate of value, not an offer and not an appraisal.
- How much income does IVERSON DEEP generate in a year?
- IVERSON DEEP is forecast to net about $112K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IVERSON DEEP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Deep Rock (Penn.) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 31205 |
| Wellbores | 2 |
| Reported production | 94,980 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $595K |
Where IVERSON DEEP 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.