OPEN UNIT
OPEN UNIT is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Big Star Oil & Gas, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2015 to August 2026, totalling 442,584 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 $1.0M, with roughly $500K 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 817 barrels a month. Its strongest month on the record we hold was May 2016, at 9,227 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 OPEN UNIT
- Who operates OPEN UNIT?
- OPEN UNIT is operated by Big Star Oil & Gas, LLC, Railroad Commission of Texas operator number 070445.
- Where is OPEN UNIT?
- OPEN UNIT is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47799.
- Is OPEN UNIT still producing?
- OPEN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OPEN UNIT is August 2026.
- How much has OPEN UNIT produced?
- OPEN UNIT has reported 442,584 barrels of oil (bbl) to the Railroad Commission of Texas between August 2015 and August 2026, from 1 wellbore.
- How much is OPEN UNIT worth?
- The remaining production from OPEN UNIT is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $797K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OPEN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production OPEN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OPEN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does OPEN UNIT generate in a year?
- OPEN UNIT is forecast to net about $500K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OPEN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Big Star Oil & Gas, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 47799 |
| Wellbores | 1 |
| Reported production | 442,584 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where OPEN 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.