LOCKETT
LOCKETT is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Trail Mountain, Inc. It has 2 wellbores on file with the Commission. Reported production runs from May 2012 to August 2026, totalling 37,297 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 $384K, with roughly $74K 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 99 barrels a month, about 50 per wellbore. Its strongest month on the record we hold was May 2016, at 382 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 LOCKETT
- Who operates LOCKETT?
- LOCKETT is operated by Trail Mountain, Inc., Railroad Commission of Texas operator number 864352.
- Where is LOCKETT?
- LOCKETT is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69954.
- Is LOCKETT still producing?
- LOCKETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOCKETT is August 2026.
- How much has LOCKETT produced?
- LOCKETT has reported 37,297 barrels of oil (bbl) to the Railroad Commission of Texas between May 2012 and August 2026, from 2 wellbores.
- How much is LOCKETT worth?
- The remaining production from LOCKETT is estimated to be worth about $384K in total as of 26 August 2026, within a range of $211K to $557K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOCKETT is a fraction of it. The estimate fits an Arps decline curve to the production LOCKETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOCKETT is an estimate of value, not an offer and not an appraisal.
- How much income does LOCKETT generate in a year?
- LOCKETT is forecast to net about $74K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOCKETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Trail Mountain, Inc. |
|---|---|
| Field | Cy-Jack (LWCC) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 69954 |
| Wellbores | 2 |
| Reported production | 37,297 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $384K |
Where LOCKETT 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.