L & J LEE UNIT
L & J LEE UNIT is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Penn Virginia Oil & Gas, L.P. It has 6 wellbores on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 1,259,818 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 $5.2M, with roughly $1.5M 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 2,294 barrels a month, about 382 per wellbore. Its strongest month on the record we hold was May 2016, at 25,295 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 L & J LEE UNIT
- Who operates L & J LEE UNIT?
- L & J LEE UNIT is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is L & J LEE UNIT?
- L & J LEE UNIT is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18031.
- Is L & J LEE UNIT still producing?
- L & J LEE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for L & J LEE UNIT is August 2026.
- How much has L & J LEE UNIT produced?
- L & J LEE UNIT has reported 1,259,818 barrels of oil (bbl) to the Railroad Commission of Texas between September 2014 and August 2026, from 6 wellbores.
- How much is L & J LEE UNIT worth?
- The remaining production from L & J LEE UNIT is estimated to be worth about $5.2M in total as of 27 August 2026, within a range of $4.3M to $6.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in L & J LEE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production L & J LEE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for L & J LEE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does L & J LEE UNIT generate in a year?
- L & J LEE UNIT is forecast to net about $1.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in L & J LEE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 18031 |
| Wellbores | 6 |
| Reported production | 1,259,818 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.2M |
Where L & J LEE 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.