OLGA
OLGA is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Browning Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 181,053 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 $149K, with roughly $28K 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 46 barrels a month. Its strongest month on the record we hold was June 2020, at 402 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 OLGA
- Who operates OLGA?
- OLGA is operated by Browning Oil Company, Inc., Railroad Commission of Texas operator number 103088.
- Where is OLGA?
- OLGA is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 17030.
- Is OLGA still producing?
- OLGA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLGA is August 2026.
- How much has OLGA produced?
- OLGA has reported 181,053 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is OLGA worth?
- The remaining production from OLGA is estimated to be worth about $149K in total as of 26 August 2026, within a range of $82K to $217K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLGA is a fraction of it. The estimate fits an Arps decline curve to the production OLGA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLGA is an estimate of value, not an offer and not an appraisal.
- How much income does OLGA generate in a year?
- OLGA is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OLGA 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 | 17030 |
| Wellbores | 1 |
| Reported production | 181,053 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $149K |
Where OLGA 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.