RANKIN UNIT
RANKIN UNIT is a Texas oil lease in Harris County, Railroad Commission district 03, operated by WRT Energy Corporation. It has 18 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 95,171 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 $121K, with roughly $23K 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 37 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was November 2017, at 482 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 RANKIN UNIT
- Who operates RANKIN UNIT?
- RANKIN UNIT is operated by WRT Energy Corporation, Railroad Commission of Texas operator number 945183.
- Where is RANKIN UNIT?
- RANKIN UNIT is a Texas oil lease in Harris County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 04592.
- Is RANKIN UNIT still producing?
- RANKIN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RANKIN UNIT is August 2026.
- How much has RANKIN UNIT produced?
- RANKIN UNIT has reported 95,171 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 18 wellbores.
- How much is RANKIN UNIT worth?
- The remaining production from RANKIN UNIT is estimated to be worth about $121K in total as of 26 August 2026, within a range of $67K to $175K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RANKIN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RANKIN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RANKIN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RANKIN UNIT generate in a year?
- RANKIN UNIT is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RANKIN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | WRT Energy Corporation |
|---|---|
| Field | Rankin |
| County | Harris County, Texas |
| RRC district | 03 |
| Lease number | 04592 |
| Wellbores | 18 |
| Reported production | 95,171 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $121K |
Where RANKIN 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.