KEY WEST WATERFLOOD UNIT
KEY WEST WATERFLOOD UNIT is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by R K Petroleum Corp. It has 18 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 737,183 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 $943K, with roughly $225K 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 315 barrels a month, about 18 per wellbore. Its strongest month on the record we hold was April 2017, at 764 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 KEY WEST WATERFLOOD UNIT
- Who operates KEY WEST WATERFLOOD UNIT?
- KEY WEST WATERFLOOD UNIT is operated by R K Petroleum Corp., Railroad Commission of Texas operator number 687130.
- Where is KEY WEST WATERFLOOD UNIT?
- KEY WEST WATERFLOOD UNIT is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66640.
- Is KEY WEST WATERFLOOD UNIT still producing?
- KEY WEST WATERFLOOD UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEY WEST WATERFLOOD UNIT is August 2026.
- How much has KEY WEST WATERFLOOD UNIT produced?
- KEY WEST WATERFLOOD UNIT has reported 737,183 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 18 wellbores.
- How much is KEY WEST WATERFLOOD UNIT worth?
- The remaining production from KEY WEST WATERFLOOD UNIT is estimated to be worth about $943K in total as of 27 August 2026, within a range of $736K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEY WEST WATERFLOOD UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KEY WEST WATERFLOOD UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEY WEST WATERFLOOD UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KEY WEST WATERFLOOD UNIT generate in a year?
- KEY WEST WATERFLOOD UNIT is forecast to net about $225K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KEY WEST WATERFLOOD UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | R K Petroleum Corp. |
|---|---|
| Field | Key West (Spraberry) |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 66640 |
| Wellbores | 18 |
| Reported production | 737,183 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $943K |
Where KEY WEST WATERFLOOD 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.