WESCOTT /STRAWN/ UNIT
WESCOTT /STRAWN/ UNIT is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Energy Development Corp. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 673,959 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 $472K, with roughly $91K 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 114 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was August 2024, at 191 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 WESCOTT /STRAWN/ UNIT
- Who operates WESCOTT /STRAWN/ UNIT?
- WESCOTT /STRAWN/ UNIT is operated by Energy Development Corp., Railroad Commission of Texas operator number 251955.
- Where is WESCOTT /STRAWN/ UNIT?
- WESCOTT /STRAWN/ UNIT is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60666.
- Is WESCOTT /STRAWN/ UNIT still producing?
- WESCOTT /STRAWN/ UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WESCOTT /STRAWN/ UNIT is August 2026.
- How much has WESCOTT /STRAWN/ UNIT produced?
- WESCOTT /STRAWN/ UNIT has reported 673,959 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is WESCOTT /STRAWN/ UNIT worth?
- The remaining production from WESCOTT /STRAWN/ UNIT is estimated to be worth about $472K in total as of 26 August 2026, within a range of $368K to $576K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WESCOTT /STRAWN/ UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WESCOTT /STRAWN/ UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WESCOTT /STRAWN/ UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WESCOTT /STRAWN/ UNIT generate in a year?
- WESCOTT /STRAWN/ UNIT is forecast to net about $91K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WESCOTT /STRAWN/ UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energy Development Corp. |
|---|---|
| Field | Wescott (Strawn) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 60666 |
| Wellbores | 15 |
| Reported production | 673,959 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $472K |
Where WESCOTT /STRAWN/ 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.