LAWRENCE UNIT
LAWRENCE UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Union Pacific Austin Chalk Co. It has 1 wellbore on file with the Commission. Reported production runs from June 1997 to August 2026, totalling 82,379 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 $381K, with roughly $59K 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 37 barrels a month. Its strongest month on the record we hold was December 2017, at 184 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 LAWRENCE UNIT
- Who operates LAWRENCE UNIT?
- LAWRENCE UNIT is operated by Union Pacific Austin Chalk Co., Railroad Commission of Texas operator number 876664.
- Where is LAWRENCE UNIT?
- LAWRENCE UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23321.
- Is LAWRENCE UNIT still producing?
- LAWRENCE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAWRENCE UNIT is August 2026.
- How much has LAWRENCE UNIT produced?
- LAWRENCE UNIT has reported 82,379 barrels of oil (bbl) to the Railroad Commission of Texas between June 1997 and August 2026, from 1 wellbore.
- How much is LAWRENCE UNIT worth?
- The remaining production from LAWRENCE UNIT is estimated to be worth about $381K in total as of 26 August 2026, within a range of $210K to $553K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAWRENCE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LAWRENCE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAWRENCE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LAWRENCE UNIT generate in a year?
- LAWRENCE UNIT is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LAWRENCE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Austin Chalk Co. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 23321 |
| Wellbores | 1 |
| Reported production | 82,379 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $381K |
Where LAWRENCE 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.