LAY, LEON
LAY, LEON is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Lay, Warren Leon. It has 12 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 41,363 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 $490K, with roughly $94K 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 118 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was February 2026, at 306 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 LAY, LEON
- Who operates LAY, LEON?
- LAY, LEON is operated by Lay, Warren Leon, Railroad Commission of Texas operator number 491350.
- Where is LAY, LEON?
- LAY, LEON is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 03603.
- Is LAY, LEON still producing?
- LAY, LEON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAY, LEON is August 2026.
- How much has LAY, LEON produced?
- LAY, LEON has reported 41,363 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 12 wellbores.
- How much is LAY, LEON worth?
- The remaining production from LAY, LEON is estimated to be worth about $490K in total as of 26 August 2026, within a range of $382K to $597K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAY, LEON is a fraction of it. The estimate fits an Arps decline curve to the production LAY, LEON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAY, LEON is an estimate of value, not an offer and not an appraisal.
- How much income does LAY, LEON generate in a year?
- LAY, LEON is forecast to net about $94K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LAY, LEON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lay, Warren Leon |
|---|---|
| Field | Luling-Branyon |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 03603 |
| Wellbores | 12 |
| Reported production | 41,363 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $490K |
Where LAY, LEON 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.