OTIS
OTIS is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Keystone Petroleum GP LLC. It has 7 wellbores on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 492,450 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 $1.7M, with roughly $374K 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 512 barrels a month, about 73 per wellbore. Its strongest month on the record we hold was May 2016, at 2,759 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 OTIS
- Who operates OTIS?
- OTIS is operated by Keystone Petroleum GP LLC, Railroad Commission of Texas operator number 458790.
- Where is OTIS?
- OTIS is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38853.
- Is OTIS still producing?
- OTIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OTIS is August 2026.
- How much has OTIS produced?
- OTIS has reported 492,450 barrels of oil (bbl) to the Railroad Commission of Texas between March 2008 and August 2026, from 7 wellbores.
- How much is OTIS worth?
- The remaining production from OTIS is estimated to be worth about $1.7M in total as of 26 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OTIS is a fraction of it. The estimate fits an Arps decline curve to the production OTIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OTIS is an estimate of value, not an offer and not an appraisal.
- How much income does OTIS generate in a year?
- OTIS is forecast to net about $374K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OTIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Keystone Petroleum GP LLC |
|---|---|
| Field | Sallie Ann (Spraberry-Wolfcamp) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 38853 |
| Wellbores | 7 |
| Reported production | 492,450 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where OTIS 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.