BIT-WESS-OWENS ULW J
BIT-WESS-OWENS ULW J is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Burlington Resources O & G Co LP. It has 1 wellbore on file with the Commission. Reported production runs from September 2024 to August 2026, totalling 264,209 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 $2.4M, with roughly $1.9M 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 7,394 barrels a month. Its strongest month on the record we hold was December 2024, at 31,103 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 BIT-WESS-OWENS ULW J
- Who operates BIT-WESS-OWENS ULW J?
- BIT-WESS-OWENS ULW J is operated by Burlington Resources O & G Co LP, Railroad Commission of Texas operator number 109333.
- Where is BIT-WESS-OWENS ULW J?
- BIT-WESS-OWENS ULW J is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 12853.
- Is BIT-WESS-OWENS ULW J still producing?
- BIT-WESS-OWENS ULW J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIT-WESS-OWENS ULW J is August 2026.
- How much has BIT-WESS-OWENS ULW J produced?
- BIT-WESS-OWENS ULW J has reported 264,209 barrels of oil (bbl) to the Railroad Commission of Texas between September 2024 and August 2026, from 1 wellbore.
- How much is BIT-WESS-OWENS ULW J worth?
- The remaining production from BIT-WESS-OWENS ULW J is estimated to be worth about $2.4M in total as of 27 August 2026, within a range of $2.0M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIT-WESS-OWENS ULW J is a fraction of it. The estimate fits an Arps decline curve to the production BIT-WESS-OWENS ULW J has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIT-WESS-OWENS ULW J is an estimate of value, not an offer and not an appraisal.
- How much income does BIT-WESS-OWENS ULW J generate in a year?
- BIT-WESS-OWENS ULW J is forecast to net about $1.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BIT-WESS-OWENS ULW J receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burlington Resources O & G Co LP |
|---|---|
| Field | Sugarkane (Eagle Ford) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 12853 |
| Wellbores | 1 |
| Reported production | 264,209 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where BIT-WESS-OWENS ULW J 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.