RICHARDS NORTH UNIT
RICHARDS NORTH UNIT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Oak Valley Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 570,822 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 $526K, with roughly $256K 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 650 barrels a month, about 217 per wellbore. Its strongest month on the record we hold was May 2016, at 11,552 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 RICHARDS NORTH UNIT
- Who operates RICHARDS NORTH UNIT?
- RICHARDS NORTH UNIT is operated by Oak Valley Operating, LLC, Railroad Commission of Texas operator number 617112.
- Where is RICHARDS NORTH UNIT?
- RICHARDS NORTH UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26573.
- Is RICHARDS NORTH UNIT still producing?
- RICHARDS NORTH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARDS NORTH UNIT is August 2026.
- How much has RICHARDS NORTH UNIT produced?
- RICHARDS NORTH UNIT has reported 570,822 barrels of oil (bbl) to the Railroad Commission of Texas between August 2014 and August 2026, from 3 wellbores.
- How much is RICHARDS NORTH UNIT worth?
- The remaining production from RICHARDS NORTH UNIT is estimated to be worth about $526K in total as of 26 August 2026, within a range of $410K to $642K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARDS NORTH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RICHARDS NORTH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARDS NORTH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARDS NORTH UNIT generate in a year?
- RICHARDS NORTH UNIT is forecast to net about $256K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICHARDS NORTH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oak Valley Operating, LLC |
|---|---|
| Field | Southern Bay (Eagle Ford) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 26573 |
| Wellbores | 3 |
| Reported production | 570,822 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $526K |
Where RICHARDS NORTH 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.