VIRGINIA UNIT
VIRGINIA UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Hallwood Petroleum, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 29,445 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 $51K, with roughly $7K 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 11 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was January 2020, at 54 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 VIRGINIA UNIT
- Who operates VIRGINIA UNIT?
- VIRGINIA UNIT is operated by Hallwood Petroleum, Inc., Railroad Commission of Texas operator number 347221.
- Where is VIRGINIA UNIT?
- VIRGINIA UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 15483.
- Is VIRGINIA UNIT still producing?
- VIRGINIA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VIRGINIA UNIT is August 2026.
- How much has VIRGINIA UNIT produced?
- VIRGINIA UNIT has reported 29,445 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is VIRGINIA UNIT worth?
- The remaining production from VIRGINIA UNIT is estimated to be worth about $51K in total as of 26 August 2026, within a range of $28K to $74K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VIRGINIA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production VIRGINIA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VIRGINIA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does VIRGINIA UNIT generate in a year?
- VIRGINIA UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VIRGINIA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hallwood Petroleum, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 15483 |
| Wellbores | 2 |
| Reported production | 29,445 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $51K |
Where VIRGINIA 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.