Z
Z is a Texas oil lease in Baylor County, Railroad Commission district 09, operated by Canan Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 2019 to August 2026, totalling 9,730 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 $671K, with roughly $129K 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 186 barrels a month, about 62 per wellbore. Its strongest month on the record we hold was March 2023, at 334 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 Z
- Who operates Z?
- Z is operated by Canan Operating, Inc., Railroad Commission of Texas operator number 128979.
- Where is Z?
- Z is a Texas oil lease in Baylor County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33999.
- Is Z still producing?
- Z is currently producing. The most recent month of production reported to the Railroad Commission of Texas for Z is August 2026.
- How much has Z produced?
- Z has reported 9,730 barrels of oil (bbl) to the Railroad Commission of Texas between January 2019 and August 2026, from 3 wellbores.
- How much is Z worth?
- The remaining production from Z is estimated to be worth about $671K in total as of 26 August 2026, within a range of $524K to $819K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in Z is a fraction of it. The estimate fits an Arps decline curve to the production Z has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for Z is an estimate of value, not an offer and not an appraisal.
- How much income does Z generate in a year?
- Z is forecast to net about $129K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in Z receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Canan Operating, Inc. |
|---|---|
| Field | Baylor County Regular |
| County | Baylor County, Texas |
| RRC district | 09 |
| Lease number | 33999 |
| Wellbores | 3 |
| Reported production | 9,730 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $671K |
Where Z 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.