KEY UNIT
KEY UNIT is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by Burk Royalty Company. It has 1 wellbore on file with the Commission. Reported production runs from April 1995 to August 2026, totalling 99,824 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 $133K, with roughly $26K 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 27 barrels a month. Its strongest month on the record we hold was January 2021, at 345 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 KEY UNIT
- Who operates KEY UNIT?
- KEY UNIT is operated by Burk Royalty Company, Railroad Commission of Texas operator number 108800.
- Where is KEY UNIT?
- KEY UNIT is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 27553.
- Is KEY UNIT still producing?
- KEY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEY UNIT is August 2026.
- How much has KEY UNIT produced?
- KEY UNIT has reported 99,824 barrels of oil (bbl) to the Railroad Commission of Texas between April 1995 and August 2026, from 1 wellbore.
- How much is KEY UNIT worth?
- The remaining production from KEY UNIT is estimated to be worth about $133K in total as of 27 August 2026, within a range of $73K to $193K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KEY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KEY UNIT generate in a year?
- KEY UNIT is forecast to net about $26K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KEY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burk Royalty Company |
|---|---|
| Field | Jack Austin (Strawn SD) |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 27553 |
| Wellbores | 1 |
| Reported production | 99,824 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $133K |
Where KEY 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.