NARWHAL UNIT
NARWHAL 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 April 2002 to August 2026, totalling 199,752 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 $835K, with roughly $158K 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 203 barrels a month. Its strongest month on the record we hold was June 2019, at 726 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 NARWHAL UNIT
- Who operates NARWHAL UNIT?
- NARWHAL UNIT is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is NARWHAL UNIT?
- NARWHAL UNIT is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24217.
- Is NARWHAL UNIT still producing?
- NARWHAL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NARWHAL UNIT is August 2026.
- How much has NARWHAL UNIT produced?
- NARWHAL UNIT has reported 199,752 barrels of oil (bbl) to the Railroad Commission of Texas between April 2002 and August 2026, from 1 wellbore.
- How much is NARWHAL UNIT worth?
- The remaining production from NARWHAL UNIT is estimated to be worth about $835K in total as of 27 August 2026, within a range of $652K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NARWHAL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NARWHAL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NARWHAL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NARWHAL UNIT generate in a year?
- NARWHAL UNIT is forecast to net about $158K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NARWHAL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Giddings (Buda) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 24217 |
| Wellbores | 1 |
| Reported production | 199,752 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $835K |
Where NARWHAL 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.