MCKENNEY
MCKENNEY is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Lem Operating Co., Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 11,315 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 $17K, with roughly $3K 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 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was December 2023, at 16 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MCKENNEY
- Who operates MCKENNEY?
- MCKENNEY is operated by Lem Operating Co., Inc., Railroad Commission of Texas operator number 496350.
- Where is MCKENNEY?
- MCKENNEY is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 26642.
- Is MCKENNEY still producing?
- MCKENNEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCKENNEY is August 2026.
- How much has MCKENNEY produced?
- MCKENNEY has reported 11,315 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MCKENNEY worth?
- The remaining production from MCKENNEY is estimated to be worth about $17K in total as of 26 August 2026, within a range of $0 to $34K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCKENNEY is a fraction of it. The estimate fits an Arps decline curve to the production MCKENNEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCKENNEY is an estimate of value, not an offer and not an appraisal.
- How much income does MCKENNEY generate in a year?
- MCKENNEY is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCKENNEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lem Operating Co., Inc. |
|---|---|
| Field | Westbrook, East (Clear Fork) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 26642 |
| Wellbores | 2 |
| Reported production | 11,315 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17K |
Where MCKENNEY 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.