LIPS RANCH -A-
LIPS RANCH -A- is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Unit Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 152,431 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 $1.1M, with roughly $301K 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 358 barrels a month. Its strongest month on the record we hold was June 2020, at 1,068 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 LIPS RANCH -A-
- Who operates LIPS RANCH -A-?
- LIPS RANCH -A- is operated by Unit Petroleum Company, Railroad Commission of Texas operator number 877099.
- Where is LIPS RANCH -A-?
- LIPS RANCH -A- is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 01624.
- Is LIPS RANCH -A- still producing?
- LIPS RANCH -A- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LIPS RANCH -A- is August 2026.
- How much has LIPS RANCH -A- produced?
- LIPS RANCH -A- has reported 152,431 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LIPS RANCH -A- worth?
- The remaining production from LIPS RANCH -A- is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $888K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LIPS RANCH -A- is a fraction of it. The estimate fits an Arps decline curve to the production LIPS RANCH -A- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LIPS RANCH -A- is an estimate of value, not an offer and not an appraisal.
- How much income does LIPS RANCH -A- generate in a year?
- LIPS RANCH -A- is forecast to net about $301K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LIPS RANCH -A- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Unit Petroleum Company |
|---|---|
| Field | Paul Harbaugh (Atoka Sand) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 01624 |
| Wellbores | 1 |
| Reported production | 152,431 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where LIPS RANCH -A- 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.