STARNES UNIT
STARNES UNIT is a Texas oil lease in Cochran County, Railroad Commission district 8A, operated by Great Western Drilling Company. It has 86 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 827,060 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 $2.0M, with roughly $460K 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 676 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was November 2017, at 1,470 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 STARNES UNIT
- Who operates STARNES UNIT?
- STARNES UNIT is operated by Great Western Drilling Company, Railroad Commission of Texas operator number 328780.
- Where is STARNES UNIT?
- STARNES UNIT is a Texas oil lease in Cochran County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 16877.
- Is STARNES UNIT still producing?
- STARNES UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STARNES UNIT is August 2026.
- How much has STARNES UNIT produced?
- STARNES UNIT has reported 827,060 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 86 wellbores.
- How much is STARNES UNIT worth?
- The remaining production from STARNES UNIT is estimated to be worth about $2.0M in total as of 27 August 2026, within a range of $1.6M to $2.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STARNES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STARNES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STARNES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STARNES UNIT generate in a year?
- STARNES UNIT is forecast to net about $460K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STARNES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Great Western Drilling Company |
|---|---|
| Field | Levelland |
| County | Cochran County, Texas |
| RRC district | 8A |
| Lease number | 16877 |
| Wellbores | 86 |
| Reported production | 827,060 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where STARNES 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.