RAINBOW #1
RAINBOW #1 is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Leanco Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,322 barrels. The lease is intermittent. 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 $2K, with roughly $408 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 1 barrels a month. Its strongest month on the record we hold was February 2017, at 3 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 RAINBOW #1
- Who operates RAINBOW #1?
- RAINBOW #1 is operated by Leanco Oil & Gas Company, Railroad Commission of Texas operator number 491679.
- Where is RAINBOW #1?
- RAINBOW #1 is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 15881.
- Is RAINBOW #1 still producing?
- RAINBOW #1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for RAINBOW #1 is August 2026.
- How much has RAINBOW #1 produced?
- RAINBOW #1 has reported 21,322 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RAINBOW #1 worth?
- The remaining production from RAINBOW #1 is estimated to be worth about $2K in total as of 27 August 2026, within a range of $0 to $4K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAINBOW #1 is a fraction of it. The estimate fits an Arps decline curve to the production RAINBOW #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAINBOW #1 is an estimate of value, not an offer and not an appraisal.
- How much income does RAINBOW #1 generate in a year?
- RAINBOW #1 is forecast to net about $408 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAINBOW #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Leanco Oil & Gas Company |
|---|---|
| Field | Hooker Creek (Navarro A) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 15881 |
| Wellbores | 1 |
| Reported production | 21,322 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where RAINBOW #1 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.