FARRACK UNIT
FARRACK UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from October 1994 to August 2026, totalling 50,192 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 $8K, with roughly $2K 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 3 barrels a month. Its strongest month on the record we hold was July 2016, at 976 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 FARRACK UNIT
- Who operates FARRACK UNIT?
- FARRACK UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is FARRACK UNIT?
- FARRACK UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22592.
- Is FARRACK UNIT still producing?
- FARRACK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FARRACK UNIT is August 2026.
- How much has FARRACK UNIT produced?
- FARRACK UNIT has reported 50,192 barrels of oil (bbl) to the Railroad Commission of Texas between October 1994 and August 2026, from 1 wellbore.
- How much is FARRACK UNIT worth?
- The remaining production from FARRACK UNIT is estimated to be worth about $8K in total as of 26 August 2026, within a range of $0 to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FARRACK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FARRACK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FARRACK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FARRACK UNIT generate in a year?
- FARRACK UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FARRACK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 22592 |
| Wellbores | 1 |
| Reported production | 50,192 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where FARRACK 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.