OLAVE
OLAVE is a Texas oil lease in Hemphill County, Railroad Commission district 10, operated by Kaiser-Francis Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2009 to August 2026, totalling 5,969 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 $58K, with roughly $8K 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 6 barrels a month. Its strongest month on the record we hold was November 2020, at 185 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 OLAVE
- Who operates OLAVE?
- OLAVE is operated by Kaiser-Francis Oil Company, Railroad Commission of Texas operator number 450175.
- Where is OLAVE?
- OLAVE is a Texas oil lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08188.
- Is OLAVE still producing?
- OLAVE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLAVE is August 2026.
- How much has OLAVE produced?
- OLAVE has reported 5,969 barrels of oil (bbl) to the Railroad Commission of Texas between October 2009 and August 2026, from 1 wellbore.
- How much is OLAVE worth?
- The remaining production from OLAVE is estimated to be worth about $58K in total as of 27 August 2026, within a range of $0 to $116K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLAVE is a fraction of it. The estimate fits an Arps decline curve to the production OLAVE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLAVE is an estimate of value, not an offer and not an appraisal.
- How much income does OLAVE generate in a year?
- OLAVE is forecast to net about $8K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OLAVE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kaiser-Francis Oil Company |
|---|---|
| Field | Feldman (Tonkawa) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 08188 |
| Wellbores | 1 |
| Reported production | 5,969 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $58K |
Where OLAVE 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.