LANCE
LANCE is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Robin Of Perryton, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 17,532 barrels. The lease is intermittent. 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 $288K, with roughly $55K 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 63 barrels a month, about 31 per wellbore. Its strongest month on the record we hold was September 2025, at 128 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
- Who operates LANCE?
- LANCE is operated by Robin Of Perryton, Inc., Railroad Commission of Texas operator number 719745.
- Where is LANCE?
- LANCE is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 03167.
- Is LANCE still producing?
- LANCE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LANCE is August 2026.
- How much has LANCE produced?
- LANCE has reported 17,532 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is LANCE worth?
- The remaining production from LANCE is estimated to be worth about $288K in total as of 26 August 2026, within a range of $158K to $418K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANCE is a fraction of it. The estimate fits an Arps decline curve to the production LANCE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANCE is an estimate of value, not an offer and not an appraisal.
- How much income does LANCE generate in a year?
- LANCE is forecast to net about $55K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LANCE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Robin Of Perryton, Inc. |
|---|---|
| Field | Farnsworth-Conner (Des Moines) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 03167 |
| Wellbores | 2 |
| Reported production | 17,532 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $288K |
Where LANCE 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.