NEVER LEE UNIT
NEVER LEE UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Browning Oil Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from November 1995 to August 2026, totalling 87,483 barrels. The lease is shut in. 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 $125K, with roughly $19K 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 7 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was September 2023, at 717 barrels.
Key facts about NEVER LEE UNIT
- Who operates NEVER LEE UNIT?
- NEVER LEE UNIT is operated by Browning Oil Company, Inc., Railroad Commission of Texas operator number 103088.
- Where is NEVER LEE UNIT?
- NEVER LEE UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22940.
- Is NEVER LEE UNIT still producing?
- NEVER LEE UNIT is shut in. The most recent month of production reported to the Railroad Commission of Texas for NEVER LEE UNIT is August 2026.
- How much has NEVER LEE UNIT produced?
- NEVER LEE UNIT has reported 87,483 barrels of oil (bbl) to the Railroad Commission of Texas between November 1995 and August 2026, from 2 wellbores.
- How much is NEVER LEE UNIT worth?
- The remaining production from NEVER LEE UNIT is estimated to be worth about $125K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEVER LEE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEVER LEE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEVER LEE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEVER LEE UNIT generate in a year?
- NEVER LEE UNIT is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEVER LEE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Browning Oil Company, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 22940 |
| Wellbores | 2 |
| Reported production | 87,483 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $125K |
Where NEVER LEE 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.