IRON DUKE (ALLOCATION)
IRON DUKE (ALLOCATION) is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Etx Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2017 to August 2026, totalling 108,150 barrels. The lease is intermittent. 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 $272K, with roughly $165K 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 438 barrels a month. Its strongest month on the record we hold was August 2017, at 15,167 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 IRON DUKE (ALLOCATION)
- Who operates IRON DUKE (ALLOCATION)?
- IRON DUKE (ALLOCATION) is operated by Etx Energy, LLC, Railroad Commission of Texas operator number 255141.
- Where is IRON DUKE (ALLOCATION)?
- IRON DUKE (ALLOCATION) is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27311.
- Is IRON DUKE (ALLOCATION) still producing?
- IRON DUKE (ALLOCATION) is intermittent. The most recent month of production reported to the Railroad Commission of Texas for IRON DUKE (ALLOCATION) is August 2026.
- How much has IRON DUKE (ALLOCATION) produced?
- IRON DUKE (ALLOCATION) has reported 108,150 barrels of oil (bbl) to the Railroad Commission of Texas between August 2017 and August 2026, from 1 wellbore.
- How much is IRON DUKE (ALLOCATION) worth?
- The remaining production from IRON DUKE (ALLOCATION) is estimated to be worth about $272K in total as of 26 August 2026, within a range of $212K to $331K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IRON DUKE (ALLOCATION) is a fraction of it. The estimate fits an Arps decline curve to the production IRON DUKE (ALLOCATION) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IRON DUKE (ALLOCATION) is an estimate of value, not an offer and not an appraisal.
- How much income does IRON DUKE (ALLOCATION) generate in a year?
- IRON DUKE (ALLOCATION) is forecast to net about $165K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IRON DUKE (ALLOCATION) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Etx Energy, LLC |
|---|---|
| Field | Fort Trinidad, East (Buda) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 27311 |
| Wellbores | 1 |
| Reported production | 108,150 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $272K |
Where IRON DUKE (ALLOCATION) 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.