LAY
LAY is a Texas oil lease in Live Oak County, Railroad Commission district 02, operated by Choice Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 13,726 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 $154K, with roughly $29K 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 38 barrels a month. Its strongest month on the record we hold was April 2022, at 209 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 LAY
- Who operates LAY?
- LAY is operated by Choice Exploration, Inc., Railroad Commission of Texas operator number 150655.
- Where is LAY?
- LAY is a Texas oil lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 09261.
- Is LAY still producing?
- LAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAY is August 2026.
- How much has LAY produced?
- LAY has reported 13,726 barrels of oil (bbl) to the Railroad Commission of Texas between September 2008 and August 2026, from 1 wellbore.
- How much is LAY worth?
- The remaining production from LAY is estimated to be worth about $154K in total as of 26 August 2026, within a range of $85K to $224K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAY is a fraction of it. The estimate fits an Arps decline curve to the production LAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAY is an estimate of value, not an offer and not an appraisal.
- How much income does LAY generate in a year?
- LAY is forecast to net about $29K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Choice Exploration, Inc. |
|---|---|
| Field | Mcneill |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 09261 |
| Wellbores | 1 |
| Reported production | 13,726 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $154K |
Where LAY 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.