KIRK 278
KIRK 278 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Eog Resources, Inc. It has 3 wellbores on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 90,633 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 $720K, with roughly $112K 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 108 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was January 2021, at 732 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 KIRK 278
- Who operates KIRK 278?
- KIRK 278 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is KIRK 278?
- KIRK 278 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08632.
- Is KIRK 278 still producing?
- KIRK 278 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KIRK 278 is August 2026.
- How much has KIRK 278 produced?
- KIRK 278 has reported 90,633 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 3 wellbores.
- How much is KIRK 278 worth?
- The remaining production from KIRK 278 is estimated to be worth about $720K in total as of 26 August 2026, within a range of $562K to $878K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KIRK 278 is a fraction of it. The estimate fits an Arps decline curve to the production KIRK 278 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KIRK 278 is an estimate of value, not an offer and not an appraisal.
- How much income does KIRK 278 generate in a year?
- KIRK 278 is forecast to net about $112K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KIRK 278 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08632 |
| Wellbores | 3 |
| Reported production | 90,633 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $720K |
Where KIRK 278 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.