CALAME, RUBY LEE
CALAME, RUBY LEE is a Texas oil lease in Freestone County, Railroad Commission district 05, operated by Quanico Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,004 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 $839K, with roughly $161K 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 214 barrels a month. Its strongest month on the record we hold was December 2018, at 536 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 CALAME, RUBY LEE
- Who operates CALAME, RUBY LEE?
- CALAME, RUBY LEE is operated by Quanico Oil & Gas, Inc., Railroad Commission of Texas operator number 684538.
- Where is CALAME, RUBY LEE?
- CALAME, RUBY LEE is a Texas oil lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 02673.
- Is CALAME, RUBY LEE still producing?
- CALAME, RUBY LEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CALAME, RUBY LEE is August 2026.
- How much has CALAME, RUBY LEE produced?
- CALAME, RUBY LEE has reported 30,004 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CALAME, RUBY LEE worth?
- The remaining production from CALAME, RUBY LEE is estimated to be worth about $839K in total as of 26 August 2026, within a range of $655K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CALAME, RUBY LEE is a fraction of it. The estimate fits an Arps decline curve to the production CALAME, RUBY LEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CALAME, RUBY LEE is an estimate of value, not an offer and not an appraisal.
- How much income does CALAME, RUBY LEE generate in a year?
- CALAME, RUBY LEE is forecast to net about $161K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CALAME, RUBY LEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Quanico Oil & Gas, Inc. |
|---|---|
| Field | Wortham |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 02673 |
| Wellbores | 1 |
| Reported production | 30,004 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $839K |
Where CALAME, RUBY LEE 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.