REASON UNIT
REASON UNIT is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Excelco Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 116,312 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 $131K, with roughly $25K 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 44 barrels a month. Its strongest month on the record we hold was June 2020, at 195 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 REASON UNIT
- Who operates REASON UNIT?
- REASON UNIT is operated by Excelco Energy Inc., Railroad Commission of Texas operator number 256885.
- Where is REASON UNIT?
- REASON UNIT is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 21944.
- Is REASON UNIT still producing?
- REASON UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REASON UNIT is August 2026.
- How much has REASON UNIT produced?
- REASON UNIT has reported 116,312 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is REASON UNIT worth?
- The remaining production from REASON UNIT is estimated to be worth about $131K in total as of 26 August 2026, within a range of $72K to $189K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REASON UNIT is a fraction of it. The estimate fits an Arps decline curve to the production REASON UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REASON UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does REASON UNIT generate in a year?
- REASON UNIT is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REASON UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Excelco Energy Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 21944 |
| Wellbores | 1 |
| Reported production | 116,312 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $131K |
Where REASON 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.