SKEET-NORET
SKEET-NORET is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Lone Star Oil & Gas. It has 2 wellbores on file with the Commission. Reported production runs from August 2010 to August 2026, totalling 82,304 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 $426K, with roughly $179K 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 458 barrels a month, about 229 per wellbore. Its strongest month on the record we hold was August 2025, at 864 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 SKEET-NORET
- Who operates SKEET-NORET?
- SKEET-NORET is operated by Lone Star Oil & Gas, Railroad Commission of Texas operator number 507244.
- Where is SKEET-NORET?
- SKEET-NORET is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40544.
- Is SKEET-NORET still producing?
- SKEET-NORET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SKEET-NORET is August 2026.
- How much has SKEET-NORET produced?
- SKEET-NORET has reported 82,304 barrels of oil (bbl) to the Railroad Commission of Texas between August 2010 and August 2026, from 2 wellbores.
- How much is SKEET-NORET worth?
- The remaining production from SKEET-NORET is estimated to be worth about $426K in total as of 27 August 2026, within a range of $332K to $519K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SKEET-NORET is a fraction of it. The estimate fits an Arps decline curve to the production SKEET-NORET has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SKEET-NORET is an estimate of value, not an offer and not an appraisal.
- How much income does SKEET-NORET generate in a year?
- SKEET-NORET is forecast to net about $179K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SKEET-NORET receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lone Star Oil & Gas |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 40544 |
| Wellbores | 2 |
| Reported production | 82,304 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $426K |
Where SKEET-NORET 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.