KAREN
KAREN is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 3 wellbores on file with the Commission. Reported production runs from December 2007 to August 2026, totalling 293,234 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 $1.2M, with roughly $367K 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 220 barrels a month, about 73 per wellbore. Its strongest month on the record we hold was January 2019, at 1,457 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 KAREN
- Who operates KAREN?
- KAREN is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is KAREN?
- KAREN is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16478.
- Is KAREN still producing?
- KAREN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KAREN is August 2026.
- How much has KAREN produced?
- KAREN has reported 293,234 barrels of oil (bbl) to the Railroad Commission of Texas between December 2007 and August 2026, from 3 wellbores.
- How much is KAREN worth?
- The remaining production from KAREN is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $941K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KAREN is a fraction of it. The estimate fits an Arps decline curve to the production KAREN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KAREN is an estimate of value, not an offer and not an appraisal.
- How much income does KAREN generate in a year?
- KAREN is forecast to net about $367K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KAREN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 16478 |
| Wellbores | 3 |
| Reported production | 293,234 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where KAREN 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.