LOCKETT
LOCKETT is a Texas oil lease in Cass County, Railroad Commission district 06, operated by Rose City Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2024 to August 2026, totalling 58,372 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 $1.7M, with roughly $658K 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 1,690 barrels a month. Its strongest month on the record we hold was February 2025, at 10,245 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LOCKETT
- Who operates LOCKETT?
- LOCKETT is operated by Rose City Resources, LLC, Railroad Commission of Texas operator number 727892.
- Where is LOCKETT?
- LOCKETT is a Texas oil lease in Cass County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 16108.
- Is LOCKETT still producing?
- LOCKETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOCKETT is August 2026.
- How much has LOCKETT produced?
- LOCKETT has reported 58,372 barrels of oil (bbl) to the Railroad Commission of Texas between December 2024 and August 2026, from 1 wellbore.
- How much is LOCKETT worth?
- The remaining production from LOCKETT is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOCKETT is a fraction of it. The estimate fits an Arps decline curve to the production LOCKETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOCKETT is an estimate of value, not an offer and not an appraisal.
- How much income does LOCKETT generate in a year?
- LOCKETT is forecast to net about $658K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOCKETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rose City Resources, LLC |
|---|---|
| Field | Hidden Rock (Cotton Valley Lime) |
| County | Cass County, Texas |
| RRC district | 06 |
| Lease number | 16108 |
| Wellbores | 1 |
| Reported production | 58,372 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where LOCKETT 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.