HARRISON, LEE UNIT
HARRISON, LEE UNIT is a Texas oil lease in Lubbock County, Railroad Commission district 8A, operated by Pennzoil Petroleum Company. It has 44 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,667,255 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 $3.8M, with roughly $977K 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 1,424 barrels a month, about 32 per wellbore. Its strongest month on the record we hold was May 2016, at 3,728 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 HARRISON, LEE UNIT
- Who operates HARRISON, LEE UNIT?
- HARRISON, LEE UNIT is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is HARRISON, LEE UNIT?
- HARRISON, LEE UNIT is a Texas oil lease in Lubbock County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60378.
- Is HARRISON, LEE UNIT still producing?
- HARRISON, LEE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARRISON, LEE UNIT is August 2026.
- How much has HARRISON, LEE UNIT produced?
- HARRISON, LEE UNIT has reported 1,667,255 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 44 wellbores.
- How much is HARRISON, LEE UNIT worth?
- The remaining production from HARRISON, LEE UNIT is estimated to be worth about $3.8M in total as of 27 August 2026, within a range of $3.2M to $4.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HARRISON, LEE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HARRISON, LEE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARRISON, LEE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HARRISON, LEE UNIT generate in a year?
- HARRISON, LEE UNIT is forecast to net about $977K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HARRISON, LEE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Lee Harrison |
| County | Lubbock County, Texas |
| RRC district | 8A |
| Lease number | 60378 |
| Wellbores | 44 |
| Reported production | 1,667,255 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where HARRISON, LEE UNIT 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.