BERETTA UNIT
BERETTA UNIT is a Texas oil lease in Milam County, Railroad Commission district 03, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from March 1997 to August 2026, totalling 194,266 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 $244K, with roughly $45K 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 59 barrels a month. Its strongest month on the record we hold was May 2021, at 408 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 BERETTA UNIT
- Who operates BERETTA UNIT?
- BERETTA UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is BERETTA UNIT?
- BERETTA UNIT is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23447.
- Is BERETTA UNIT still producing?
- BERETTA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BERETTA UNIT is August 2026.
- How much has BERETTA UNIT produced?
- BERETTA UNIT has reported 194,266 barrels of oil (bbl) to the Railroad Commission of Texas between March 1997 and August 2026, from 1 wellbore.
- How much is BERETTA UNIT worth?
- The remaining production from BERETTA UNIT is estimated to be worth about $244K in total as of 26 August 2026, within a range of $134K to $354K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BERETTA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BERETTA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BERETTA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BERETTA UNIT generate in a year?
- BERETTA UNIT is forecast to net about $45K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BERETTA 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 | 23447 |
| Wellbores | 1 |
| Reported production | 194,266 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $244K |
Where BERETTA 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.