FOX UNIT
FOX UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 110,235 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 $250K, with roughly $45K 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 94 barrels a month, about 47 per wellbore. Its strongest month on the record we hold was April 2025, at 829 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 FOX UNIT
- Who operates FOX UNIT?
- FOX UNIT is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is FOX UNIT?
- FOX UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11747.
- Is FOX UNIT still producing?
- FOX UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOX UNIT is August 2026.
- How much has FOX UNIT produced?
- FOX UNIT has reported 110,235 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is FOX UNIT worth?
- The remaining production from FOX UNIT is estimated to be worth about $250K in total as of 27 August 2026, within a range of $138K to $363K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOX UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FOX UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOX UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FOX UNIT generate in a year?
- FOX UNIT is forecast to net about $45K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FOX UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gemini Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 11747 |
| Wellbores | 2 |
| Reported production | 110,235 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $250K |
Where FOX 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.