LOCKE PARTNERSHIP
LOCKE PARTNERSHIP is a Texas oil lease in Mcmullen County, Railroad Commission district 01, operated by Eog Resources, Inc. It has 3 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 806,963 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 $10.3M, with roughly $2.2M 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 3,197 barrels a month, about 1,066 per wellbore. Its strongest month on the record we hold was May 2016, at 5,962 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LOCKE PARTNERSHIP
- Who operates LOCKE PARTNERSHIP?
- LOCKE PARTNERSHIP is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is LOCKE PARTNERSHIP?
- LOCKE PARTNERSHIP is a Texas oil lease in Mcmullen County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 16241.
- Is LOCKE PARTNERSHIP still producing?
- LOCKE PARTNERSHIP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOCKE PARTNERSHIP is August 2026.
- How much has LOCKE PARTNERSHIP produced?
- LOCKE PARTNERSHIP has reported 806,963 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 3 wellbores.
- How much is LOCKE PARTNERSHIP worth?
- The remaining production from LOCKE PARTNERSHIP is estimated to be worth about $10.3M in total as of 27 August 2026, within a range of $8.6M to $12.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOCKE PARTNERSHIP is a fraction of it. The estimate fits an Arps decline curve to the production LOCKE PARTNERSHIP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOCKE PARTNERSHIP is an estimate of value, not an offer and not an appraisal.
- How much income does LOCKE PARTNERSHIP generate in a year?
- LOCKE PARTNERSHIP is forecast to net about $2.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LOCKE PARTNERSHIP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Mcmullen County, Texas |
| RRC district | 01 |
| Lease number | 16241 |
| Wellbores | 3 |
| Reported production | 806,963 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.3M |
Where LOCKE PARTNERSHIP 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.