BI - COUNTY
BI - COUNTY is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from October 1999 to August 2026, totalling 283,201 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 $520K, with roughly $97K 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 126 barrels a month. Its strongest month on the record we hold was May 2019, at 808 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 BI - COUNTY
- Who operates BI - COUNTY?
- BI - COUNTY is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is BI - COUNTY?
- BI - COUNTY is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23742.
- Is BI - COUNTY still producing?
- BI - COUNTY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BI - COUNTY is August 2026.
- How much has BI - COUNTY produced?
- BI - COUNTY has reported 283,201 barrels of oil (bbl) to the Railroad Commission of Texas between October 1999 and August 2026, from 1 wellbore.
- How much is BI - COUNTY worth?
- The remaining production from BI - COUNTY is estimated to be worth about $520K in total as of 26 August 2026, within a range of $406K to $634K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BI - COUNTY is a fraction of it. The estimate fits an Arps decline curve to the production BI - COUNTY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BI - COUNTY is an estimate of value, not an offer and not an appraisal.
- How much income does BI - COUNTY generate in a year?
- BI - COUNTY is forecast to net about $97K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BI - COUNTY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 23742 |
| Wellbores | 1 |
| Reported production | 283,201 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $520K |
Where BI - COUNTY 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.