TEXAS TECH
TEXAS TECH is a Texas oil lease in Lubbock County, Railroad Commission district 8A, operated by Socorro Exploration, Inc. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 551,784 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 $2.6M, with roughly $595K 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 856 barrels a month, about 143 per wellbore. Its strongest month on the record we hold was December 2020, at 1,329 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 TEXAS TECH
- Who operates TEXAS TECH?
- TEXAS TECH is operated by Socorro Exploration, Inc., Railroad Commission of Texas operator number 800278.
- Where is TEXAS TECH?
- TEXAS TECH is a Texas oil lease in Lubbock County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 62524.
- Is TEXAS TECH still producing?
- TEXAS TECH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEXAS TECH is August 2026.
- How much has TEXAS TECH produced?
- TEXAS TECH has reported 551,784 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is TEXAS TECH worth?
- The remaining production from TEXAS TECH is estimated to be worth about $2.6M in total as of 26 August 2026, within a range of $2.0M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEXAS TECH is a fraction of it. The estimate fits an Arps decline curve to the production TEXAS TECH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEXAS TECH is an estimate of value, not an offer and not an appraisal.
- How much income does TEXAS TECH generate in a year?
- TEXAS TECH is forecast to net about $595K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEXAS TECH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Socorro Exploration, Inc. |
|---|---|
| Field | Idalou, North (Clearfork, Lo) |
| County | Lubbock County, Texas |
| RRC district | 8A |
| Lease number | 62524 |
| Wellbores | 6 |
| Reported production | 551,784 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where TEXAS TECH 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.