NORTH LOOP UNIT
NORTH LOOP UNIT is a Texas oil lease in Lubbock County, Railroad Commission district 8A, operated by Texland-Rector & Schumacher. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 71,059 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 $256K, with roughly $49K 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 68 barrels a month. Its strongest month on the record we hold was September 2016, at 130 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 NORTH LOOP UNIT
- Who operates NORTH LOOP UNIT?
- NORTH LOOP UNIT is operated by Texland-Rector & Schumacher, Railroad Commission of Texas operator number 849745.
- Where is NORTH LOOP UNIT?
- NORTH LOOP UNIT is a Texas oil lease in Lubbock County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66582.
- Is NORTH LOOP UNIT still producing?
- NORTH LOOP UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH LOOP UNIT is August 2026.
- How much has NORTH LOOP UNIT produced?
- NORTH LOOP UNIT has reported 71,059 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is NORTH LOOP UNIT worth?
- The remaining production from NORTH LOOP UNIT is estimated to be worth about $256K in total as of 26 August 2026, within a range of $141K to $371K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH LOOP UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NORTH LOOP UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH LOOP UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH LOOP UNIT generate in a year?
- NORTH LOOP UNIT is forecast to net about $49K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NORTH LOOP UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texland-Rector & Schumacher |
|---|---|
| Field | Edmisson (Clear Fork) |
| County | Lubbock County, Texas |
| RRC district | 8A |
| Lease number | 66582 |
| Wellbores | 1 |
| Reported production | 71,059 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $256K |
Where NORTH LOOP 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.