FEDERAL ROYALTY
FEDERAL ROYALTY is a Texas oil lease in Orange County, Railroad Commission district 03, operated by Kilmarnock Oil Company, Inc. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 108,884 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 $337K, with roughly $220K 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 571 barrels a month, about 95 per wellbore. Its strongest month on the record we hold was September 2025, at 879 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 FEDERAL ROYALTY
- Who operates FEDERAL ROYALTY?
- FEDERAL ROYALTY is operated by Kilmarnock Oil Company, Inc., Railroad Commission of Texas operator number 461211.
- Where is FEDERAL ROYALTY?
- FEDERAL ROYALTY is a Texas oil lease in Orange County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 03278.
- Is FEDERAL ROYALTY still producing?
- FEDERAL ROYALTY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FEDERAL ROYALTY is August 2026.
- How much has FEDERAL ROYALTY produced?
- FEDERAL ROYALTY has reported 108,884 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is FEDERAL ROYALTY worth?
- The remaining production from FEDERAL ROYALTY is estimated to be worth about $337K in total as of 27 August 2026, within a range of $263K to $411K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FEDERAL ROYALTY is a fraction of it. The estimate fits an Arps decline curve to the production FEDERAL ROYALTY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FEDERAL ROYALTY is an estimate of value, not an offer and not an appraisal.
- How much income does FEDERAL ROYALTY generate in a year?
- FEDERAL ROYALTY is forecast to net about $220K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FEDERAL ROYALTY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kilmarnock Oil Company, Inc. |
|---|---|
| Field | Orange |
| County | Orange County, Texas |
| RRC district | 03 |
| Lease number | 03278 |
| Wellbores | 6 |
| Reported production | 108,884 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $337K |
Where FEDERAL ROYALTY 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.