LANGLEY UNIT
LANGLEY UNIT is a Texas oil lease in Bowie County, Railroad Commission district 06, operated by Murphy Exploration & Prod. Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 487,176 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 $577K, with roughly $196K 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 327 barrels a month, about 163 per wellbore. Its strongest month on the record we hold was November 2022, at 568 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 LANGLEY UNIT
- Who operates LANGLEY UNIT?
- LANGLEY UNIT is operated by Murphy Exploration & Prod. Co., Railroad Commission of Texas operator number 594650.
- Where is LANGLEY UNIT?
- LANGLEY UNIT is a Texas oil lease in Bowie County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 12341.
- Is LANGLEY UNIT still producing?
- LANGLEY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANGLEY UNIT is August 2026.
- How much has LANGLEY UNIT produced?
- LANGLEY UNIT has reported 487,176 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is LANGLEY UNIT worth?
- The remaining production from LANGLEY UNIT is estimated to be worth about $577K in total as of 27 August 2026, within a range of $450K to $704K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANGLEY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LANGLEY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANGLEY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LANGLEY UNIT generate in a year?
- LANGLEY UNIT is forecast to net about $196K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LANGLEY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Murphy Exploration & Prod. Co. |
|---|---|
| Field | Texarkana, West (Smackover) |
| County | Bowie County, Texas |
| RRC district | 06 |
| Lease number | 12341 |
| Wellbores | 2 |
| Reported production | 487,176 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $577K |
Where LANGLEY 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.