LANCE, ETHEL
LANCE, ETHEL is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Courson, Harold D. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 13,114 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 $354K, with roughly $62K 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 74 barrels a month, about 37 per wellbore. Its strongest month on the record we hold was September 2023, at 280 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 LANCE, ETHEL
- Who operates LANCE, ETHEL?
- LANCE, ETHEL is operated by Courson, Harold D., Railroad Commission of Texas operator number 182770.
- Where is LANCE, ETHEL?
- LANCE, ETHEL is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 02491.
- Is LANCE, ETHEL still producing?
- LANCE, ETHEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANCE, ETHEL is August 2026.
- How much has LANCE, ETHEL produced?
- LANCE, ETHEL has reported 13,114 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is LANCE, ETHEL worth?
- The remaining production from LANCE, ETHEL is estimated to be worth about $354K in total as of 26 August 2026, within a range of $195K to $514K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANCE, ETHEL is a fraction of it. The estimate fits an Arps decline curve to the production LANCE, ETHEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANCE, ETHEL is an estimate of value, not an offer and not an appraisal.
- How much income does LANCE, ETHEL generate in a year?
- LANCE, ETHEL is forecast to net about $62K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LANCE, ETHEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Courson, Harold D. |
|---|---|
| Field | Farnsworth (Oswego) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 02491 |
| Wellbores | 2 |
| Reported production | 13,114 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $354K |
Where LANCE, ETHEL 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.