DEUCE
DEUCE is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Duncan Oil Properties, Inc. It has 2 wellbores on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 101,793 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 $2.8M, with roughly $1.3M 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 3,913 barrels a month, about 1,957 per wellbore. Its strongest month on the record we hold was March 2025, at 9,904 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 DEUCE
- Who operates DEUCE?
- DEUCE is operated by Duncan Oil Properties, Inc., Railroad Commission of Texas operator number 232295.
- Where is DEUCE?
- DEUCE is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09848.
- Is DEUCE still producing?
- DEUCE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEUCE is August 2026.
- How much has DEUCE produced?
- DEUCE has reported 101,793 barrels of oil (bbl) to the Railroad Commission of Texas between March 2024 and August 2026, from 2 wellbores.
- How much is DEUCE worth?
- The remaining production from DEUCE is estimated to be worth about $2.8M in total as of 26 August 2026, within a range of $2.3M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEUCE is a fraction of it. The estimate fits an Arps decline curve to the production DEUCE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEUCE is an estimate of value, not an offer and not an appraisal.
- How much income does DEUCE generate in a year?
- DEUCE is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEUCE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Duncan Oil Properties, Inc. |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09848 |
| Wellbores | 2 |
| Reported production | 101,793 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.8M |
Where DEUCE 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.