RICHTER NORTH UNIT
RICHTER NORTH UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Plains Exploration & Prod. Co. It has 5 wellbores on file with the Commission. Reported production runs from May 2012 to August 2026, totalling 956,956 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 $3.1M, with roughly $888K 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 1,199 barrels a month, about 240 per wellbore. Its strongest month on the record we hold was July 2016, at 5,494 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 RICHTER NORTH UNIT
- Who operates RICHTER NORTH UNIT?
- RICHTER NORTH UNIT is operated by Plains Exploration & Prod. Co., Railroad Commission of Texas operator number 667862.
- Where is RICHTER NORTH UNIT?
- RICHTER NORTH UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 10047.
- Is RICHTER NORTH UNIT still producing?
- RICHTER NORTH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHTER NORTH UNIT is August 2026.
- How much has RICHTER NORTH UNIT produced?
- RICHTER NORTH UNIT has reported 956,956 barrels of oil (bbl) to the Railroad Commission of Texas between May 2012 and August 2026, from 5 wellbores.
- How much is RICHTER NORTH UNIT worth?
- The remaining production from RICHTER NORTH UNIT is estimated to be worth about $3.1M in total as of 27 August 2026, within a range of $2.6M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHTER NORTH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RICHTER NORTH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHTER NORTH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RICHTER NORTH UNIT generate in a year?
- RICHTER NORTH UNIT is forecast to net about $888K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RICHTER NORTH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Plains Exploration & Prod. Co. |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 10047 |
| Wellbores | 5 |
| Reported production | 956,956 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where RICHTER NORTH 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.