POLK UNIT
POLK UNIT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Morris, W. Dale Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2003 to August 2026, totalling 121,718 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 $2K, with roughly $472 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 0 barrels a month. Its strongest month on the record we hold was November 2022, at 383 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 POLK UNIT
- Who operates POLK UNIT?
- POLK UNIT is operated by Morris, W. Dale Inc., Railroad Commission of Texas operator number 588595.
- Where is POLK UNIT?
- POLK UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24411.
- Is POLK UNIT still producing?
- POLK UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for POLK UNIT is August 2026.
- How much has POLK UNIT produced?
- POLK UNIT has reported 121,718 barrels of oil (bbl) to the Railroad Commission of Texas between July 2003 and August 2026, from 1 wellbore.
- How much is POLK UNIT worth?
- The remaining production from POLK UNIT is estimated to be worth about $2K in total as of 26 August 2026, within a range of $0 to $5K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POLK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production POLK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POLK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does POLK UNIT generate in a year?
- POLK UNIT is forecast to net about $472 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POLK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Morris, W. Dale Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 24411 |
| Wellbores | 1 |
| Reported production | 121,718 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where POLK 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.