CITATION UNIT
CITATION UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Armor Lonestar, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2018 to August 2026, totalling 346,024 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 $6.3M, with roughly $2.4M 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 6,524 barrels a month. Its strongest month on the record we hold was October 2018, at 17,827 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 CITATION UNIT
- Who operates CITATION UNIT?
- CITATION UNIT is operated by Armor Lonestar, LLC, Railroad Commission of Texas operator number 031580.
- Where is CITATION UNIT?
- CITATION UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27476.
- Is CITATION UNIT still producing?
- CITATION UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CITATION UNIT is August 2026.
- How much has CITATION UNIT produced?
- CITATION UNIT has reported 346,024 barrels of oil (bbl) to the Railroad Commission of Texas between September 2018 and August 2026, from 1 wellbore.
- How much is CITATION UNIT worth?
- The remaining production from CITATION UNIT is estimated to be worth about $6.3M in total as of 26 August 2026, within a range of $5.2M to $7.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CITATION UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CITATION UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CITATION UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CITATION UNIT generate in a year?
- CITATION UNIT is forecast to net about $2.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CITATION UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Armor Lonestar, LLC |
|---|---|
| Field | Southern Bay (Eagle Ford) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 27476 |
| Wellbores | 1 |
| Reported production | 346,024 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.3M |
Where CITATION 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.