LANE
LANE is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Olsen Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 39,460 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 $383K, with roughly $72K 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 92 barrels a month. Its strongest month on the record we hold was February 2022, at 210 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 LANE
- Who operates LANE?
- LANE is operated by Olsen Energy Inc., Railroad Commission of Texas operator number 621750.
- Where is LANE?
- LANE is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 06246.
- Is LANE still producing?
- LANE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANE is August 2026.
- How much has LANE produced?
- LANE has reported 39,460 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LANE worth?
- The remaining production from LANE is estimated to be worth about $383K in total as of 26 August 2026, within a range of $211K to $556K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANE is a fraction of it. The estimate fits an Arps decline curve to the production LANE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANE is an estimate of value, not an offer and not an appraisal.
- How much income does LANE generate in a year?
- LANE is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LANE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Olsen Energy Inc. |
|---|---|
| Field | Heluma, W. (Devonian) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 06246 |
| Wellbores | 1 |
| Reported production | 39,460 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $383K |
Where LANE 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.