LOCKHART & BROWN
LOCKHART & BROWN is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Maralo, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2000 to August 2026, totalling 35,508 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 $346K, with roughly $61K 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 66 barrels a month. Its strongest month on the record we hold was August 2017, at 163 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 LOCKHART & BROWN
- Who operates LOCKHART & BROWN?
- LOCKHART & BROWN is operated by Maralo, LLC, Railroad Commission of Texas operator number 525339.
- Where is LOCKHART & BROWN?
- LOCKHART & BROWN is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36479.
- Is LOCKHART & BROWN still producing?
- LOCKHART & BROWN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOCKHART & BROWN is August 2026.
- How much has LOCKHART & BROWN produced?
- LOCKHART & BROWN has reported 35,508 barrels of oil (bbl) to the Railroad Commission of Texas between December 2000 and August 2026, from 1 wellbore.
- How much is LOCKHART & BROWN worth?
- The remaining production from LOCKHART & BROWN is estimated to be worth about $346K in total as of 27 August 2026, within a range of $190K to $501K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOCKHART & BROWN is a fraction of it. The estimate fits an Arps decline curve to the production LOCKHART & BROWN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOCKHART & BROWN is an estimate of value, not an offer and not an appraisal.
- How much income does LOCKHART & BROWN generate in a year?
- LOCKHART & BROWN is forecast to net about $61K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LOCKHART & BROWN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maralo, LLC |
|---|---|
| Field | Martin (Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 36479 |
| Wellbores | 1 |
| Reported production | 35,508 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $346K |
Where LOCKHART & BROWN 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.