ONAT
ONAT is a Texas oil lease in Jack County, Railroad Commission district 09, operated by TCT Operating Company, Inc. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 23,907 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 $70K, with roughly $13K 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 30 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was September 2022, at 111 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 ONAT
- Who operates ONAT?
- ONAT is operated by TCT Operating Company, Inc., Railroad Commission of Texas operator number 840310.
- Where is ONAT?
- ONAT is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 18423.
- Is ONAT still producing?
- ONAT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ONAT is August 2026.
- How much has ONAT produced?
- ONAT has reported 23,907 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is ONAT worth?
- The remaining production from ONAT is estimated to be worth about $70K in total as of 26 August 2026, within a range of $39K to $102K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ONAT is a fraction of it. The estimate fits an Arps decline curve to the production ONAT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ONAT is an estimate of value, not an offer and not an appraisal.
- How much income does ONAT generate in a year?
- ONAT is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ONAT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | TCT Operating Company, Inc. |
|---|---|
| Field | Lucky Ridge, SW. (2100) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 18423 |
| Wellbores | 9 |
| Reported production | 23,907 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $70K |
Where ONAT 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.