LAPIS UNIT
LAPIS UNIT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Geosouthern Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from March 2001 to August 2026, totalling 27,093 barrels. The lease is intermittent. 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 $42K, with roughly $8K 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 7 barrels a month. Its strongest month on the record we hold was December 2020, at 153 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 LAPIS UNIT
- Who operates LAPIS UNIT?
- LAPIS UNIT is operated by Geosouthern Energy Corporation, Railroad Commission of Texas operator number 301287.
- Where is LAPIS UNIT?
- LAPIS UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23987.
- Is LAPIS UNIT still producing?
- LAPIS UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LAPIS UNIT is August 2026.
- How much has LAPIS UNIT produced?
- LAPIS UNIT has reported 27,093 barrels of oil (bbl) to the Railroad Commission of Texas between March 2001 and August 2026, from 1 wellbore.
- How much is LAPIS UNIT worth?
- The remaining production from LAPIS UNIT is estimated to be worth about $42K in total as of 26 August 2026, within a range of $0 to $84K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAPIS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LAPIS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAPIS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LAPIS UNIT generate in a year?
- LAPIS UNIT is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LAPIS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geosouthern Energy Corporation |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 23987 |
| Wellbores | 1 |
| Reported production | 27,093 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $42K |
Where LAPIS 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.