RIC
RIC is a Texas oil lease in Schleicher County, Railroad Commission district 7C, operated by Discovery Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,275 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 $253K, with roughly $46K 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 55 barrels a month. Its strongest month on the record we hold was December 2025, at 98 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 RIC
- Who operates RIC?
- RIC is operated by Discovery Operating, Inc., Railroad Commission of Texas operator number 220865.
- Where is RIC?
- RIC is a Texas oil lease in Schleicher County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 08211.
- Is RIC still producing?
- RIC is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIC is August 2026.
- How much has RIC produced?
- RIC has reported 30,275 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RIC worth?
- The remaining production from RIC is estimated to be worth about $253K in total as of 26 August 2026, within a range of $139K to $367K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIC is a fraction of it. The estimate fits an Arps decline curve to the production RIC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIC is an estimate of value, not an offer and not an appraisal.
- How much income does RIC generate in a year?
- RIC is forecast to net about $46K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RIC receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Discovery Operating, Inc. |
|---|---|
| Field | Gwyn, West (Canyon) |
| County | Schleicher County, Texas |
| RRC district | 7C |
| Lease number | 08211 |
| Wellbores | 1 |
| Reported production | 30,275 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $253K |
Where RIC 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.