JUSTIFY UNIT
JUSTIFY 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 85,420 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 $717K, with roughly $191K 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 267 barrels a month. Its strongest month on the record we hold was December 2018, at 10,177 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 JUSTIFY UNIT
- Who operates JUSTIFY UNIT?
- JUSTIFY UNIT is operated by Armor Lonestar, LLC, Railroad Commission of Texas operator number 031580.
- Where is JUSTIFY UNIT?
- JUSTIFY UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27529.
- Is JUSTIFY UNIT still producing?
- JUSTIFY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JUSTIFY UNIT is August 2026.
- How much has JUSTIFY UNIT produced?
- JUSTIFY UNIT has reported 85,420 barrels of oil (bbl) to the Railroad Commission of Texas between September 2018 and August 2026, from 1 wellbore.
- How much is JUSTIFY UNIT worth?
- The remaining production from JUSTIFY UNIT is estimated to be worth about $717K in total as of 26 August 2026, within a range of $560K to $875K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JUSTIFY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JUSTIFY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JUSTIFY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JUSTIFY UNIT generate in a year?
- JUSTIFY UNIT is forecast to net about $191K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JUSTIFY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Armor Lonestar, LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 27529 |
| Wellbores | 1 |
| Reported production | 85,420 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $717K |
Where JUSTIFY 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.