NORA
NORA is a Texas oil lease in Lee County, Railroad Commission district 03, operated by U. S. Operating, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 64,021 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 $519K, with roughly $83K 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 81 barrels a month, about 40 per wellbore. Its strongest month on the record we hold was April 2018, at 319 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 NORA
- Who operates NORA?
- NORA is operated by U. S. Operating, Inc., Railroad Commission of Texas operator number 875431.
- Where is NORA?
- NORA is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 16455.
- Is NORA still producing?
- NORA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORA is August 2026.
- How much has NORA produced?
- NORA has reported 64,021 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is NORA worth?
- The remaining production from NORA is estimated to be worth about $519K in total as of 27 August 2026, within a range of $286K to $753K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORA is a fraction of it. The estimate fits an Arps decline curve to the production NORA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORA is an estimate of value, not an offer and not an appraisal.
- How much income does NORA generate in a year?
- NORA is forecast to net about $83K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U. S. Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 16455 |
| Wellbores | 2 |
| Reported production | 64,021 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $519K |
Where NORA 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.