SCHULZ-ARMSTRONG UNIT
SCHULZ-ARMSTRONG 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 January 1993 to August 2026, totalling 341,712 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 $465K, with roughly $78K 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 72 barrels a month. Its strongest month on the record we hold was November 2022, at 169 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 SCHULZ-ARMSTRONG UNIT
- Who operates SCHULZ-ARMSTRONG UNIT?
- SCHULZ-ARMSTRONG UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is SCHULZ-ARMSTRONG UNIT?
- SCHULZ-ARMSTRONG UNIT is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 21865.
- Is SCHULZ-ARMSTRONG UNIT still producing?
- SCHULZ-ARMSTRONG UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCHULZ-ARMSTRONG UNIT is August 2026.
- How much has SCHULZ-ARMSTRONG UNIT produced?
- SCHULZ-ARMSTRONG UNIT has reported 341,712 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SCHULZ-ARMSTRONG UNIT worth?
- The remaining production from SCHULZ-ARMSTRONG UNIT is estimated to be worth about $465K in total as of 26 August 2026, within a range of $256K to $674K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCHULZ-ARMSTRONG UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SCHULZ-ARMSTRONG UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCHULZ-ARMSTRONG UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SCHULZ-ARMSTRONG UNIT generate in a year?
- SCHULZ-ARMSTRONG UNIT is forecast to net about $78K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCHULZ-ARMSTRONG 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 | 21865 |
| Wellbores | 1 |
| Reported production | 341,712 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $465K |
Where SCHULZ-ARMSTRONG 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.