TRIANGLE "K"
TRIANGLE "K" is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Kachina Oil & Gas Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 137,510 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 $143K, with roughly $26K 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 28 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was October 2017, at 115 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 TRIANGLE "K"
- Who operates TRIANGLE "K"?
- TRIANGLE "K" is operated by Kachina Oil & Gas Inc., Railroad Commission of Texas operator number 450035.
- Where is TRIANGLE "K"?
- TRIANGLE "K" is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 14021.
- Is TRIANGLE "K" still producing?
- TRIANGLE "K" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRIANGLE "K" is August 2026.
- How much has TRIANGLE "K" produced?
- TRIANGLE "K" has reported 137,510 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is TRIANGLE "K" worth?
- The remaining production from TRIANGLE "K" is estimated to be worth about $143K in total as of 26 August 2026, within a range of $79K to $208K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRIANGLE "K" is a fraction of it. The estimate fits an Arps decline curve to the production TRIANGLE "K" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TRIANGLE "K" is an estimate of value, not an offer and not an appraisal.
- How much income does TRIANGLE "K" generate in a year?
- TRIANGLE "K" is forecast to net about $26K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TRIANGLE "K" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kachina Oil & Gas Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 14021 |
| Wellbores | 2 |
| Reported production | 137,510 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $143K |
Where TRIANGLE "K" 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.