STAR
STAR is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Duncan Oil Properties, Inc. It has 1 wellbore on file with the Commission. Reported production runs from December 2025 to August 2026, totalling 10,670 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 $1.1M, with roughly $796K 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 1,883 barrels a month. Its strongest month on the record we hold was January 2026, at 2,790 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 STAR
- Who operates STAR?
- STAR is operated by Duncan Oil Properties, Inc., Railroad Commission of Texas operator number 232295.
- Where is STAR?
- STAR is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09884.
- Is STAR still producing?
- STAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STAR is August 2026.
- How much has STAR produced?
- STAR has reported 10,670 barrels of oil (bbl) to the Railroad Commission of Texas between December 2025 and August 2026, from 1 wellbore.
- How much is STAR worth?
- The remaining production from STAR is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $897K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STAR is a fraction of it. The estimate fits an Arps decline curve to the production STAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STAR is an estimate of value, not an offer and not an appraisal.
- How much income does STAR generate in a year?
- STAR is forecast to net about $796K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Duncan Oil Properties, Inc. |
|---|---|
| Field | Allen-Parker (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09884 |
| Wellbores | 1 |
| Reported production | 10,670 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where STAR 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.