LAREN
LAREN is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Phillips Petroleum Company. It has 14 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,214,258 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 $5.3M, with roughly $1.2M 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 1,623 barrels a month, about 116 per wellbore. Its strongest month on the record we hold was August 2018, at 4,758 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LAREN
- Who operates LAREN?
- LAREN is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is LAREN?
- LAREN is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 02130.
- Is LAREN still producing?
- LAREN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAREN is August 2026.
- How much has LAREN produced?
- LAREN has reported 1,214,258 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 14 wellbores.
- How much is LAREN worth?
- The remaining production from LAREN is estimated to be worth about $5.3M in total as of 27 August 2026, within a range of $4.4M to $6.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAREN is a fraction of it. The estimate fits an Arps decline curve to the production LAREN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAREN is an estimate of value, not an offer and not an appraisal.
- How much income does LAREN generate in a year?
- LAREN is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LAREN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Goldsmith (Clear Fork) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 02130 |
| Wellbores | 14 |
| Reported production | 1,214,258 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.3M |
Where LAREN 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.