OLDENBURG UNIT
OLDENBURG 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 April 1997 to August 2026, totalling 118,040 barrels. The lease is shut in. 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 $7K, with roughly $1K 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 barrels a month. Its strongest month on the record we hold was April 2023, at 294 barrels.
Key facts about OLDENBURG UNIT
- Who operates OLDENBURG UNIT?
- OLDENBURG UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is OLDENBURG UNIT?
- OLDENBURG UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23243.
- Is OLDENBURG UNIT still producing?
- OLDENBURG UNIT is shut in. The most recent month of production reported to the Railroad Commission of Texas for OLDENBURG UNIT is August 2026.
- How much has OLDENBURG UNIT produced?
- OLDENBURG UNIT has reported 118,040 barrels of oil (bbl) to the Railroad Commission of Texas between April 1997 and August 2026, from 1 wellbore.
- How much is OLDENBURG UNIT worth?
- The remaining production from OLDENBURG UNIT is estimated to be worth about $7K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLDENBURG UNIT is a fraction of it. The estimate fits an Arps decline curve to the production OLDENBURG UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLDENBURG UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does OLDENBURG UNIT generate in a year?
- OLDENBURG UNIT is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OLDENBURG 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 | 23243 |
| Wellbores | 1 |
| Reported production | 118,040 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where OLDENBURG 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.