BELUGA UNIT
BELUGA UNIT is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from August 2001 to August 2026, totalling 177,996 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 $567K, with roughly $240K 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 432 barrels a month. Its strongest month on the record we hold was October 2019, at 1,254 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 BELUGA UNIT
- Who operates BELUGA UNIT?
- BELUGA UNIT is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is BELUGA UNIT?
- BELUGA UNIT is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24138.
- Is BELUGA UNIT still producing?
- BELUGA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BELUGA UNIT is August 2026.
- How much has BELUGA UNIT produced?
- BELUGA UNIT has reported 177,996 barrels of oil (bbl) to the Railroad Commission of Texas between August 2001 and August 2026, from 1 wellbore.
- How much is BELUGA UNIT worth?
- The remaining production from BELUGA UNIT is estimated to be worth about $567K in total as of 26 August 2026, within a range of $443K to $692K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BELUGA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BELUGA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BELUGA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BELUGA UNIT generate in a year?
- BELUGA UNIT is forecast to net about $240K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BELUGA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 24138 |
| Wellbores | 1 |
| Reported production | 177,996 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $567K |
Where BELUGA 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.