LOCKHART 82
LOCKHART 82 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 April 2006 to August 2026, totalling 23,883 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 $30K 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 48 barrels a month. Its strongest month on the record we hold was March 2017, at 154 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 82
- Who operates LOCKHART 82?
- LOCKHART 82 is operated by Upland Resources, Inc., Railroad Commission of Texas operator number 878933.
- Where is LOCKHART 82?
- LOCKHART 82 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07663.
- Is LOCKHART 82 still producing?
- LOCKHART 82 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOCKHART 82 is August 2026.
- How much has LOCKHART 82 produced?
- LOCKHART 82 has reported 23,883 barrels of oil (bbl) to the Railroad Commission of Texas between April 2006 and August 2026, from 1 wellbore.
- How much is LOCKHART 82 worth?
- The remaining production from LOCKHART 82 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 82 is a fraction of it. The estimate fits an Arps decline curve to the production LOCKHART 82 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOCKHART 82 is an estimate of value, not an offer and not an appraisal.
- How much income does LOCKHART 82 generate in a year?
- LOCKHART 82 is forecast to net about $30K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOCKHART 82 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Upland Resources, Inc. |
|---|---|
| Field | Higgins, South (Morrow Upper) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07663 |
| Wellbores | 1 |
| Reported production | 23,883 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $173K |
Where LOCKHART 82 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.