LOCKHART 170
LOCKHART 170 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Upland Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2006 to August 2026, totalling 20,732 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 $173K, with roughly $33K 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 50 barrels a month. Its strongest month on the record we hold was July 2017, at 370 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 LOCKHART 170
- Who operates LOCKHART 170?
- LOCKHART 170 is operated by Upland Resources, Inc., Railroad Commission of Texas operator number 878933.
- Where is LOCKHART 170?
- LOCKHART 170 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07703.
- Is LOCKHART 170 still producing?
- LOCKHART 170 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOCKHART 170 is August 2026.
- How much has LOCKHART 170 produced?
- LOCKHART 170 has reported 20,732 barrels of oil (bbl) to the Railroad Commission of Texas between May 2006 and August 2026, from 1 wellbore.
- How much is LOCKHART 170 worth?
- The remaining production from LOCKHART 170 is estimated to be worth about $173K in total as of 26 August 2026, within a range of $95K to $251K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOCKHART 170 is a fraction of it. The estimate fits an Arps decline curve to the production LOCKHART 170 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOCKHART 170 is an estimate of value, not an offer and not an appraisal.
- How much income does LOCKHART 170 generate in a year?
- LOCKHART 170 is forecast to net about $33K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOCKHART 170 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Upland Resources, Inc. |
|---|---|
| Field | Higgins, West (Tonkawa) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07703 |
| Wellbores | 1 |
| Reported production | 20,732 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $173K |
Where LOCKHART 170 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.