ANDREWS UNIT
ANDREWS UNIT is a Texas oil lease in Milam County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 2 wellbores on file with the Commission. Reported production runs from April 1998 to August 2026, totalling 184,037 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 $575K, with roughly $108K 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 147 barrels a month, about 73 per wellbore. Its strongest month on the record we hold was October 2021, at 1,487 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 ANDREWS UNIT
- Who operates ANDREWS UNIT?
- ANDREWS UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is ANDREWS UNIT?
- ANDREWS UNIT is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23640.
- Is ANDREWS UNIT still producing?
- ANDREWS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ANDREWS UNIT is August 2026.
- How much has ANDREWS UNIT produced?
- ANDREWS UNIT has reported 184,037 barrels of oil (bbl) to the Railroad Commission of Texas between April 1998 and August 2026, from 2 wellbores.
- How much is ANDREWS UNIT worth?
- The remaining production from ANDREWS UNIT is estimated to be worth about $575K in total as of 26 August 2026, within a range of $448K to $701K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ANDREWS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production ANDREWS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ANDREWS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does ANDREWS UNIT generate in a year?
- ANDREWS UNIT is forecast to net about $108K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ANDREWS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Milam County, Texas |
| RRC district | 03 |
| Lease number | 23640 |
| Wellbores | 2 |
| Reported production | 184,037 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $575K |
Where ANDREWS 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.