BRACKEN, J. A. 503

BRACKEN, J. A. 503 is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 854,928 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 $4.7M, with roughly $1.2M 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 1,785 barrels a month, about 179 per wellbore. Its strongest month on the record we hold was December 2016, at 3,153 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BRACKEN, J. A. 503

Who operates BRACKEN, J. A. 503?: BRACKEN, J. A. 503 is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
Where is BRACKEN, J. A. 503?: BRACKEN, J. A. 503 is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 01140.
Is BRACKEN, J. A. 503 still producing?: BRACKEN, J. A. 503 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BRACKEN, J. A. 503 is August 2026.
How much has BRACKEN, J. A. 503 produced?: BRACKEN, J. A. 503 has reported 854,928 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
How much is BRACKEN, J. A. 503 worth?: The remaining production from BRACKEN, J. A. 503 is estimated to be worth about $4.7M in total as of 27 August 2026, within a range of $3.9M to $5.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BRACKEN, J. A. 503 is a fraction of it. The estimate fits an Arps decline curve to the production BRACKEN, J. A. 503 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BRACKEN, J. A. 503 is an estimate of value, not an offer and not an appraisal.
How much income does BRACKEN, J. A. 503 generate in a year?: BRACKEN, J. A. 503 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BRACKEN, J. A. 503 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

BRACKEN, J. A. 503 as filed with the Railroad Commission of Texas
Operator	Union Oil Company Of California
Field	Van
County	Van Zandt County, Texas
RRC district	05
Lease number	01140
Wellbores	10
Reported production	854,928 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$4.7M

Where BRACKEN, J. A. 503 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.