LAKE UNIT
LAKE UNIT is a Texas oil lease in Dickens County, Railroad Commission district 8A, operated by Gunn Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from May 2007 to August 2026, totalling 160,319 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 $750K, with roughly $237K 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 378 barrels a month, about 189 per wellbore. Its strongest month on the record we hold was January 2019, at 706 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 LAKE UNIT
- Who operates LAKE UNIT?
- LAKE UNIT is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is LAKE UNIT?
- LAKE UNIT is a Texas oil lease in Dickens County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69116.
- Is LAKE UNIT still producing?
- LAKE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAKE UNIT is August 2026.
- How much has LAKE UNIT produced?
- LAKE UNIT has reported 160,319 barrels of oil (bbl) to the Railroad Commission of Texas between May 2007 and August 2026, from 2 wellbores.
- How much is LAKE UNIT worth?
- The remaining production from LAKE UNIT is estimated to be worth about $750K in total as of 27 August 2026, within a range of $585K to $915K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAKE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LAKE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAKE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LAKE UNIT generate in a year?
- LAKE UNIT is forecast to net about $237K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LAKE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Spur Lake (Tannehill) |
| County | Dickens County, Texas |
| RRC district | 8A |
| Lease number | 69116 |
| Wellbores | 2 |
| Reported production | 160,319 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $750K |
Where LAKE 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.