LUIG UNIT
LUIG UNIT is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Burns Operating. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 20,949 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 $34K, with roughly $7K 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 10 barrels a month. Its strongest month on the record we hold was December 2019, at 35 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 LUIG UNIT
- Who operates LUIG UNIT?
- LUIG UNIT is operated by Burns Operating, Railroad Commission of Texas operator number 111013.
- Where is LUIG UNIT?
- LUIG UNIT is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 27098.
- Is LUIG UNIT still producing?
- LUIG UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LUIG UNIT is August 2026.
- How much has LUIG UNIT produced?
- LUIG UNIT has reported 20,949 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LUIG UNIT worth?
- The remaining production from LUIG UNIT is estimated to be worth about $34K in total as of 26 August 2026, within a range of $19K to $49K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LUIG UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LUIG UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LUIG UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LUIG UNIT generate in a year?
- LUIG UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LUIG UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burns Operating |
|---|---|
| Field | Luig (Mississippian) |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 27098 |
| Wellbores | 1 |
| Reported production | 20,949 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $34K |
Where LUIG UNIT 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.