LENTZ UNIT
LENTZ UNIT is a Texas oil lease in Washington County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 455,811 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 $1.4M, with roughly $360K 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 484 barrels a month, about 242 per wellbore. Its strongest month on the record we hold was June 2022, at 6,278 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 LENTZ UNIT
- Who operates LENTZ UNIT?
- LENTZ UNIT is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is LENTZ UNIT?
- LENTZ UNIT is a Texas oil lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 14113.
- Is LENTZ UNIT still producing?
- LENTZ UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LENTZ UNIT is August 2026.
- How much has LENTZ UNIT produced?
- LENTZ UNIT has reported 455,811 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is LENTZ UNIT worth?
- The remaining production from LENTZ UNIT is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LENTZ UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LENTZ UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LENTZ UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LENTZ UNIT generate in a year?
- LENTZ UNIT is forecast to net about $360K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LENTZ UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gemini Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 14113 |
| Wellbores | 2 |
| Reported production | 455,811 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where LENTZ 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.