LEONA UNIT
LEONA UNIT is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Vess Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 199,840 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 $1.5M, with roughly $481K 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 648 barrels a month. Its strongest month on the record we hold was May 2016, at 2,157 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 LEONA UNIT
- Who operates LEONA UNIT?
- LEONA UNIT is operated by Vess Oil Corporation, Railroad Commission of Texas operator number 884750.
- Where is LEONA UNIT?
- LEONA UNIT is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26650.
- Is LEONA UNIT still producing?
- LEONA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEONA UNIT is August 2026.
- How much has LEONA UNIT produced?
- LEONA UNIT has reported 199,840 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 1 wellbore.
- How much is LEONA UNIT worth?
- The remaining production from LEONA UNIT is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEONA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LEONA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEONA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LEONA UNIT generate in a year?
- LEONA UNIT is forecast to net about $481K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEONA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vess Oil Corporation |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 26650 |
| Wellbores | 1 |
| Reported production | 199,840 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where LEONA 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.