KEY
KEY is a Texas oil lease in Dickens County, Railroad Commission district 8A, operated by Salida Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2013 to August 2026, totalling 14,726 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 $180K, with roughly $35K 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 55 barrels a month. Its strongest month on the record we hold was July 2016, at 141 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 KEY
- Who operates KEY?
- KEY is operated by Salida Exploration, LLC, Railroad Commission of Texas operator number 744095.
- Where is KEY?
- KEY is a Texas oil lease in Dickens County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70126.
- Is KEY still producing?
- KEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEY is August 2026.
- How much has KEY produced?
- KEY has reported 14,726 barrels of oil (bbl) to the Railroad Commission of Texas between September 2013 and August 2026, from 1 wellbore.
- How much is KEY worth?
- The remaining production from KEY is estimated to be worth about $180K in total as of 26 August 2026, within a range of $99K to $261K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEY is a fraction of it. The estimate fits an Arps decline curve to the production KEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEY is an estimate of value, not an offer and not an appraisal.
- How much income does KEY generate in a year?
- KEY is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Salida Exploration, LLC |
|---|---|
| Field | Steele Hill (Tannehill) |
| County | Dickens County, Texas |
| RRC district | 8A |
| Lease number | 70126 |
| Wellbores | 1 |
| Reported production | 14,726 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $180K |
Where KEY 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.