KEENE
KEENE is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Lime Rock Resources IV-A, L.P. It has 1 wellbore on file with the Commission. Reported production runs from June 2018 to August 2026, totalling 225,733 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 $3.5M, with roughly $913K 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 1,275 barrels a month. Its strongest month on the record we hold was July 2018, at 13,938 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 KEENE
- Who operates KEENE?
- KEENE is operated by Lime Rock Resources IV-A, L.P., Railroad Commission of Texas operator number 500794.
- Where is KEENE?
- KEENE is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50328.
- Is KEENE still producing?
- KEENE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEENE is August 2026.
- How much has KEENE produced?
- KEENE has reported 225,733 barrels of oil (bbl) to the Railroad Commission of Texas between June 2018 and August 2026, from 1 wellbore.
- How much is KEENE worth?
- The remaining production from KEENE is estimated to be worth about $3.5M in total as of 26 August 2026, within a range of $2.9M to $4.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEENE is a fraction of it. The estimate fits an Arps decline curve to the production KEENE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEENE is an estimate of value, not an offer and not an appraisal.
- How much income does KEENE generate in a year?
- KEENE is forecast to net about $913K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEENE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lime Rock Resources IV-A, L.P. |
|---|---|
| Field | Shafter Lake, N. (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 50328 |
| Wellbores | 1 |
| Reported production | 225,733 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where KEENE 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.