DENISE
DENISE is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Strat Land Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 9,178 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 $255K, with roughly $46K 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 55 barrels a month. Its strongest month on the record we hold was September 2017, at 127 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 DENISE
- Who operates DENISE?
- DENISE is operated by Strat Land Exploration Company, Railroad Commission of Texas operator number 825420.
- Where is DENISE?
- DENISE is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08645.
- Is DENISE still producing?
- DENISE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DENISE is August 2026.
- How much has DENISE produced?
- DENISE has reported 9,178 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is DENISE worth?
- The remaining production from DENISE is estimated to be worth about $255K in total as of 26 August 2026, within a range of $140K to $370K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DENISE is a fraction of it. The estimate fits an Arps decline curve to the production DENISE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DENISE is an estimate of value, not an offer and not an appraisal.
- How much income does DENISE generate in a year?
- DENISE is forecast to net about $46K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DENISE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Strat Land Exploration Company |
|---|---|
| Field | Coburn (Hepler) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08645 |
| Wellbores | 1 |
| Reported production | 9,178 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $255K |
Where DENISE 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.