LEATHERS
LEATHERS is a Texas oil lease in Leon County, Railroad Commission district 05, operated by Barrow-Shaver Resources Co. It has 1 wellbore on file with the Commission. Reported production runs from October 2004 to August 2026, totalling 17,828 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 $110K, with roughly $21K 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 29 barrels a month. Its strongest month on the record we hold was December 2016, at 269 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 LEATHERS
- Who operates LEATHERS?
- LEATHERS is operated by Barrow-Shaver Resources Co., Railroad Commission of Texas operator number 053321.
- Where is LEATHERS?
- LEATHERS is a Texas oil lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03800.
- Is LEATHERS still producing?
- LEATHERS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEATHERS is August 2026.
- How much has LEATHERS produced?
- LEATHERS has reported 17,828 barrels of oil (bbl) to the Railroad Commission of Texas between October 2004 and August 2026, from 1 wellbore.
- How much is LEATHERS worth?
- The remaining production from LEATHERS is estimated to be worth about $110K in total as of 26 August 2026, within a range of $61K to $160K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEATHERS is a fraction of it. The estimate fits an Arps decline curve to the production LEATHERS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEATHERS is an estimate of value, not an offer and not an appraisal.
- How much income does LEATHERS generate in a year?
- LEATHERS is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEATHERS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Barrow-Shaver Resources Co. |
|---|---|
| Field | Red Oak (Subclarksville 6060) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 03800 |
| Wellbores | 1 |
| Reported production | 17,828 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $110K |
Where LEATHERS 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.