LOE
LOE is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Burk Royalty Co., Ltd. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 12,209 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 $620K, with roughly $119K 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 79 barrels a month. Its strongest month on the record we hold was January 2026, at 401 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 LOE
- Who operates LOE?
- LOE is operated by Burk Royalty Co., Ltd., Railroad Commission of Texas operator number 108799.
- Where is LOE?
- LOE is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26793.
- Is LOE still producing?
- LOE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LOE is August 2026.
- How much has LOE produced?
- LOE has reported 12,209 barrels of oil (bbl) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is LOE worth?
- The remaining production from LOE is estimated to be worth about $620K in total as of 26 August 2026, within a range of $341K to $899K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOE is a fraction of it. The estimate fits an Arps decline curve to the production LOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOE is an estimate of value, not an offer and not an appraisal.
- How much income does LOE generate in a year?
- LOE is forecast to net about $119K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burk Royalty Co., Ltd. |
|---|---|
| Field | Fort Trinidad, East (Buda) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 26793 |
| Wellbores | 1 |
| Reported production | 12,209 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $620K |
Where LOE 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.