CONAN UNIT
CONAN UNIT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from March 1996 to August 2026, totalling 741,599 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 $7.8M, with roughly $2.1M 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 1,662 barrels a month. Its strongest month on the record we hold was January 2026, at 5,819 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 CONAN UNIT
- Who operates CONAN UNIT?
- CONAN UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is CONAN UNIT?
- CONAN UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22943.
- Is CONAN UNIT still producing?
- CONAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONAN UNIT is August 2026.
- How much has CONAN UNIT produced?
- CONAN UNIT has reported 741,599 barrels of oil (bbl) to the Railroad Commission of Texas between March 1996 and August 2026, from 1 wellbore.
- How much is CONAN UNIT worth?
- The remaining production from CONAN UNIT is estimated to be worth about $7.8M in total as of 26 August 2026, within a range of $6.4M to $9.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CONAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CONAN UNIT generate in a year?
- CONAN UNIT is forecast to net about $2.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 22943 |
| Wellbores | 1 |
| Reported production | 741,599 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.8M |
Where CONAN 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.