EDWARDS UNIT
EDWARDS UNIT is a Texas oil lease in Leon County, Railroad Commission district 03, operated by Spindletop Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from August 2016 to August 2026, totalling 23,449 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 $383K, with roughly $72K 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 77 barrels a month. Its strongest month on the record we hold was September 2016, at 469 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 EDWARDS UNIT
- Who operates EDWARDS UNIT?
- EDWARDS UNIT is operated by Spindletop Oil & Gas Company, Railroad Commission of Texas operator number 809930.
- Where is EDWARDS UNIT?
- EDWARDS UNIT is a Texas oil lease in Leon County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27319.
- Is EDWARDS UNIT still producing?
- EDWARDS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EDWARDS UNIT is August 2026.
- How much has EDWARDS UNIT produced?
- EDWARDS UNIT has reported 23,449 barrels of oil (bbl) to the Railroad Commission of Texas between August 2016 and August 2026, from 1 wellbore.
- How much is EDWARDS UNIT worth?
- The remaining production from EDWARDS UNIT is estimated to be worth about $383K in total as of 27 August 2026, within a range of $210K to $555K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EDWARDS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production EDWARDS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EDWARDS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does EDWARDS UNIT generate in a year?
- EDWARDS UNIT is forecast to net about $72K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EDWARDS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spindletop Oil & Gas Company |
|---|---|
| Field | Halliday (Woodbine) |
| County | Leon County, Texas |
| RRC district | 03 |
| Lease number | 27319 |
| Wellbores | 1 |
| Reported production | 23,449 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $383K |
Where EDWARDS 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.