CASEY
CASEY is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Linn Operating, Inc. It has 4 wellbores on file with the Commission. Reported production runs from August 2010 to August 2026, totalling 129,430 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 $937K, with roughly $180K 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 226 barrels a month, about 57 per wellbore. Its strongest month on the record we hold was June 2019, at 2,034 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 CASEY
- Who operates CASEY?
- CASEY is operated by Linn Operating, Inc., Railroad Commission of Texas operator number 501545.
- Where is CASEY?
- CASEY is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40310.
- Is CASEY still producing?
- CASEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CASEY is August 2026.
- How much has CASEY produced?
- CASEY has reported 129,430 barrels of oil (bbl) to the Railroad Commission of Texas between August 2010 and August 2026, from 4 wellbores.
- How much is CASEY worth?
- The remaining production from CASEY is estimated to be worth about $937K in total as of 26 August 2026, within a range of $731K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CASEY is a fraction of it. The estimate fits an Arps decline curve to the production CASEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CASEY is an estimate of value, not an offer and not an appraisal.
- How much income does CASEY generate in a year?
- CASEY is forecast to net about $180K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CASEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Linn Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 40310 |
| Wellbores | 4 |
| Reported production | 129,430 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $937K |
Where CASEY 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.