LEHMANN,IRA J.
LEHMANN,IRA J. is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Columbia Gas Development Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 523,083 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 $1.8M, with roughly $377K 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 505 barrels a month, about 252 per wellbore. Its strongest month on the record we hold was December 2019, at 1,078 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 LEHMANN,IRA J.
- Who operates LEHMANN,IRA J.?
- LEHMANN,IRA J. is operated by Columbia Gas Development Corp., Railroad Commission of Texas operator number 169230.
- Where is LEHMANN,IRA J.?
- LEHMANN,IRA J. is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 14516.
- Is LEHMANN,IRA J. still producing?
- LEHMANN,IRA J. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEHMANN,IRA J. is August 2026.
- How much has LEHMANN,IRA J. produced?
- LEHMANN,IRA J. has reported 523,083 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is LEHMANN,IRA J. worth?
- The remaining production from LEHMANN,IRA J. is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEHMANN,IRA J. is a fraction of it. The estimate fits an Arps decline curve to the production LEHMANN,IRA J. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEHMANN,IRA J. is an estimate of value, not an offer and not an appraisal.
- How much income does LEHMANN,IRA J. generate in a year?
- LEHMANN,IRA J. is forecast to net about $377K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LEHMANN,IRA J. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Columbia Gas Development Corp. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 14516 |
| Wellbores | 2 |
| Reported production | 523,083 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where LEHMANN,IRA J. 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.