TEAGUE
TEAGUE is a Texas oil lease in Lamb County, Railroad Commission district 8A, operated by Oxy USA WTP LP. It has 2 wellbores on file with the Commission. Reported production runs from September 2016 to August 2026, totalling 25,993 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 $487K, with roughly $92K 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 142 barrels a month, about 71 per wellbore. Its strongest month on the record we hold was October 2016, at 945 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 TEAGUE
- Who operates TEAGUE?
- TEAGUE is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is TEAGUE?
- TEAGUE is a Texas oil lease in Lamb County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70550.
- Is TEAGUE still producing?
- TEAGUE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEAGUE is August 2026.
- How much has TEAGUE produced?
- TEAGUE has reported 25,993 barrels of oil (bbl) to the Railroad Commission of Texas between September 2016 and August 2026, from 2 wellbores.
- How much is TEAGUE worth?
- The remaining production from TEAGUE is estimated to be worth about $487K in total as of 26 August 2026, within a range of $380K to $595K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEAGUE is a fraction of it. The estimate fits an Arps decline curve to the production TEAGUE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEAGUE is an estimate of value, not an offer and not an appraisal.
- How much income does TEAGUE generate in a year?
- TEAGUE is forecast to net about $92K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEAGUE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Anton-Irish |
| County | Lamb County, Texas |
| RRC district | 8A |
| Lease number | 70550 |
| Wellbores | 2 |
| Reported production | 25,993 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $487K |
Where TEAGUE 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.