DUNGAN-KEY TRUST
DUNGAN-KEY TRUST is a Texas oil lease in San Patricio County, Railroad Commission district 04, operated by Wapiti Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2019 to August 2026, totalling 54,447 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 $1.5M, with roughly $350K 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 525 barrels a month. Its strongest month on the record we hold was April 2019, at 2,340 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 DUNGAN-KEY TRUST
- Who operates DUNGAN-KEY TRUST?
- DUNGAN-KEY TRUST is operated by Wapiti Operating, LLC, Railroad Commission of Texas operator number 895805.
- Where is DUNGAN-KEY TRUST?
- DUNGAN-KEY TRUST is a Texas oil lease in San Patricio County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 14121.
- Is DUNGAN-KEY TRUST still producing?
- DUNGAN-KEY TRUST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DUNGAN-KEY TRUST is August 2026.
- How much has DUNGAN-KEY TRUST produced?
- DUNGAN-KEY TRUST has reported 54,447 barrels of oil (bbl) to the Railroad Commission of Texas between January 2019 and August 2026, from 1 wellbore.
- How much is DUNGAN-KEY TRUST worth?
- The remaining production from DUNGAN-KEY TRUST is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DUNGAN-KEY TRUST is a fraction of it. The estimate fits an Arps decline curve to the production DUNGAN-KEY TRUST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DUNGAN-KEY TRUST is an estimate of value, not an offer and not an appraisal.
- How much income does DUNGAN-KEY TRUST generate in a year?
- DUNGAN-KEY TRUST is forecast to net about $350K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DUNGAN-KEY TRUST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wapiti Operating, LLC |
|---|---|
| Field | Spartan (F-A) |
| County | San Patricio County, Texas |
| RRC district | 04 |
| Lease number | 14121 |
| Wellbores | 1 |
| Reported production | 54,447 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where DUNGAN-KEY TRUST 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.