BEAN CONSOLIDATED
BEAN CONSOLIDATED is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Union Oil Company Of California. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 70,971 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 $443K, with roughly $85K 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 99 barrels a month, about 20 per wellbore. Its strongest month on the record we hold was January 2019, at 600 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 BEAN CONSOLIDATED
- Who operates BEAN CONSOLIDATED?
- BEAN CONSOLIDATED is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is BEAN CONSOLIDATED?
- BEAN CONSOLIDATED is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 01212.
- Is BEAN CONSOLIDATED still producing?
- BEAN CONSOLIDATED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BEAN CONSOLIDATED is August 2026.
- How much has BEAN CONSOLIDATED produced?
- BEAN CONSOLIDATED has reported 70,971 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is BEAN CONSOLIDATED worth?
- The remaining production from BEAN CONSOLIDATED is estimated to be worth about $443K in total as of 27 August 2026, within a range of $244K to $642K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BEAN CONSOLIDATED is a fraction of it. The estimate fits an Arps decline curve to the production BEAN CONSOLIDATED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BEAN CONSOLIDATED is an estimate of value, not an offer and not an appraisal.
- How much income does BEAN CONSOLIDATED generate in a year?
- BEAN CONSOLIDATED is forecast to net about $85K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BEAN CONSOLIDATED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Pure-Bean |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 01212 |
| Wellbores | 5 |
| Reported production | 70,971 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $443K |
Where BEAN CONSOLIDATED 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.