RULE WEST UNIT
RULE WEST UNIT is a Texas oil lease in Haskell County, Railroad Commission district 7B, operated by Bridwell Oil Co. It has 18 wellbores on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 356,117 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 $3.2M, with roughly $723K 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 1,090 barrels a month, about 61 per wellbore. Its strongest month on the record we hold was January 2022, at 1,568 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 RULE WEST UNIT
- Who operates RULE WEST UNIT?
- RULE WEST UNIT is operated by Bridwell Oil Co., Railroad Commission of Texas operator number 092480.
- Where is RULE WEST UNIT?
- RULE WEST UNIT is a Texas oil lease in Haskell County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28428.
- Is RULE WEST UNIT still producing?
- RULE WEST UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RULE WEST UNIT is August 2026.
- How much has RULE WEST UNIT produced?
- RULE WEST UNIT has reported 356,117 barrels of oil (bbl) to the Railroad Commission of Texas between April 1998 and August 2026, from 18 wellbores.
- How much is RULE WEST UNIT worth?
- The remaining production from RULE WEST UNIT is estimated to be worth about $3.2M in total as of 27 August 2026, within a range of $2.6M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RULE WEST UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RULE WEST UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RULE WEST UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RULE WEST UNIT generate in a year?
- RULE WEST UNIT is forecast to net about $723K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RULE WEST UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bridwell Oil Co. |
|---|---|
| Field | Rule West (Strawn) |
| County | Haskell County, Texas |
| RRC district | 7B |
| Lease number | 28428 |
| Wellbores | 18 |
| Reported production | 356,117 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where RULE WEST 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.