BLACK UNIT
BLACK UNIT is a Texas oil lease in Panola County, Railroad Commission district 06, operated by Sheridan Production Company, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2019 to August 2026, totalling 6,566 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 $285K, with roughly $49K 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 53 barrels a month. Its strongest month on the record we hold was May 2020, at 343 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 BLACK UNIT
- Who operates BLACK UNIT?
- BLACK UNIT is operated by Sheridan Production Company, LLC, Railroad Commission of Texas operator number 775854.
- Where is BLACK UNIT?
- BLACK UNIT is a Texas oil lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15748.
- Is BLACK UNIT still producing?
- BLACK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACK UNIT is August 2026.
- How much has BLACK UNIT produced?
- BLACK UNIT has reported 6,566 barrels of oil (bbl) to the Railroad Commission of Texas between August 2019 and August 2026, from 1 wellbore.
- How much is BLACK UNIT worth?
- The remaining production from BLACK UNIT is estimated to be worth about $285K in total as of 26 August 2026, within a range of $157K to $414K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BLACK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BLACK UNIT generate in a year?
- BLACK UNIT is forecast to net about $49K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BLACK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sheridan Production Company, LLC |
|---|---|
| Field | Carthage (Travis Peak 6400) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 15748 |
| Wellbores | 1 |
| Reported production | 6,566 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $285K |
Where BLACK UNIT 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.