CONEJOS QUEEN UNIT
CONEJOS QUEEN UNIT is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Basin Oil & Gas Operating, LLC. It has 11 wellbores on file with the Commission. Reported production runs from February 2022 to August 2026, totalling 98,608 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 $5.7M, with roughly $1.7M 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 2,663 barrels a month, about 242 per wellbore. Its strongest month on the record we hold was November 2024, at 4,120 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 CONEJOS QUEEN UNIT
- Who operates CONEJOS QUEEN UNIT?
- CONEJOS QUEEN UNIT is operated by Basin Oil & Gas Operating, LLC, Railroad Commission of Texas operator number 054430.
- Where is CONEJOS QUEEN UNIT?
- CONEJOS QUEEN UNIT is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71242.
- Is CONEJOS QUEEN UNIT still producing?
- CONEJOS QUEEN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONEJOS QUEEN UNIT is August 2026.
- How much has CONEJOS QUEEN UNIT produced?
- CONEJOS QUEEN UNIT has reported 98,608 barrels of oil (bbl) to the Railroad Commission of Texas between February 2022 and August 2026, from 11 wellbores.
- How much is CONEJOS QUEEN UNIT worth?
- The remaining production from CONEJOS QUEEN UNIT is estimated to be worth about $5.7M in total as of 26 August 2026, within a range of $4.7M to $6.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONEJOS QUEEN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CONEJOS QUEEN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONEJOS QUEEN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CONEJOS QUEEN UNIT generate in a year?
- CONEJOS QUEEN UNIT is forecast to net about $1.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONEJOS QUEEN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Basin Oil & Gas Operating, LLC |
|---|---|
| Field | Flying -N- (Queen) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 71242 |
| Wellbores | 11 |
| Reported production | 98,608 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.7M |
Where CONEJOS QUEEN 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.