LANCASTER
LANCASTER is a Texas oil lease in Lamb County, Railroad Commission district 8A, operated by Devon Energy Production Co, L.P. It has 5 wellbores on file with the Commission. Reported production runs from January 2002 to August 2026, totalling 1,887,972 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 $2.3M, with roughly $526K 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 770 barrels a month, about 154 per wellbore. Its strongest month on the record we hold was July 2016, at 1,552 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 LANCASTER
- Who operates LANCASTER?
- LANCASTER is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is LANCASTER?
- LANCASTER is a Texas oil lease in Lamb County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68392.
- Is LANCASTER still producing?
- LANCASTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANCASTER is August 2026.
- How much has LANCASTER produced?
- LANCASTER has reported 1,887,972 barrels of oil (bbl) to the Railroad Commission of Texas between January 2002 and August 2026, from 5 wellbores.
- How much is LANCASTER worth?
- The remaining production from LANCASTER is estimated to be worth about $2.3M in total as of 26 August 2026, within a range of $1.8M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANCASTER is a fraction of it. The estimate fits an Arps decline curve to the production LANCASTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANCASTER is an estimate of value, not an offer and not an appraisal.
- How much income does LANCASTER generate in a year?
- LANCASTER is forecast to net about $526K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LANCASTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Anton-Irish (Wolfcamp) |
| County | Lamb County, Texas |
| RRC district | 8A |
| Lease number | 68392 |
| Wellbores | 5 |
| Reported production | 1,887,972 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where LANCASTER 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.