VANGUARD
VANGUARD is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Range Production Company. It has 2 wellbores on file with the Commission. Reported production runs from December 2003 to August 2026, totalling 5,463 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 $6K, with roughly $1K 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 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was March 2018, at 98 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 VANGUARD
- Who operates VANGUARD?
- VANGUARD is operated by Range Production Company, Railroad Commission of Texas operator number 691703.
- Where is VANGUARD?
- VANGUARD is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07511.
- Is VANGUARD still producing?
- VANGUARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VANGUARD is August 2026.
- How much has VANGUARD produced?
- VANGUARD has reported 5,463 barrels of oil (bbl) to the Railroad Commission of Texas between December 2003 and August 2026, from 2 wellbores.
- How much is VANGUARD worth?
- The remaining production from VANGUARD is estimated to be worth about $6K in total as of 26 August 2026, within a range of $0 to $13K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VANGUARD is a fraction of it. The estimate fits an Arps decline curve to the production VANGUARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VANGUARD is an estimate of value, not an offer and not an appraisal.
- How much income does VANGUARD generate in a year?
- VANGUARD is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VANGUARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Range Production Company |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07511 |
| Wellbores | 2 |
| Reported production | 5,463 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6K |
Where VANGUARD 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.