SCHRAMM UNIT
SCHRAMM UNIT is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Melton, Joe, DRLG. Co., Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 206,346 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 $808K, with roughly $138K 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 65 barrels a month, about 33 per wellbore. Its strongest month on the record we hold was February 2026, at 199 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 SCHRAMM UNIT
- Who operates SCHRAMM UNIT?
- SCHRAMM UNIT is operated by Melton, Joe, DRLG. Co., Inc., Railroad Commission of Texas operator number 559580.
- Where is SCHRAMM UNIT?
- SCHRAMM UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 20648.
- Is SCHRAMM UNIT still producing?
- SCHRAMM UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHRAMM UNIT is August 2026.
- How much has SCHRAMM UNIT produced?
- SCHRAMM UNIT has reported 206,346 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is SCHRAMM UNIT worth?
- The remaining production from SCHRAMM UNIT is estimated to be worth about $808K in total as of 26 August 2026, within a range of $445K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHRAMM UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SCHRAMM UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHRAMM UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SCHRAMM UNIT generate in a year?
- SCHRAMM UNIT is forecast to net about $138K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHRAMM UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Melton, Joe, DRLG. Co., Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 20648 |
| Wellbores | 2 |
| Reported production | 206,346 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $808K |
Where SCHRAMM 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.