KEYSTONE CATTLE CO.
KEYSTONE CATTLE CO. is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Meridian Oil Inc. It has 93 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,956,112 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 $2.1M, with roughly $810K 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 1,353 barrels a month, about 15 per wellbore. Its strongest month on the record we hold was July 2016, at 4,570 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 KEYSTONE CATTLE CO.
- Who operates KEYSTONE CATTLE CO.?
- KEYSTONE CATTLE CO. is operated by Meridian Oil Inc., Railroad Commission of Texas operator number 561132.
- Where is KEYSTONE CATTLE CO.?
- KEYSTONE CATTLE CO. is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 03427.
- Is KEYSTONE CATTLE CO. still producing?
- KEYSTONE CATTLE CO. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEYSTONE CATTLE CO. is August 2026.
- How much has KEYSTONE CATTLE CO. produced?
- KEYSTONE CATTLE CO. has reported 1,956,112 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 93 wellbores.
- How much is KEYSTONE CATTLE CO. worth?
- The remaining production from KEYSTONE CATTLE CO. is estimated to be worth about $2.1M in total as of 26 August 2026, within a range of $1.7M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEYSTONE CATTLE CO. is a fraction of it. The estimate fits an Arps decline curve to the production KEYSTONE CATTLE CO. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEYSTONE CATTLE CO. is an estimate of value, not an offer and not an appraisal.
- How much income does KEYSTONE CATTLE CO. generate in a year?
- KEYSTONE CATTLE CO. is forecast to net about $810K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEYSTONE CATTLE CO. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Meridian Oil Inc. |
|---|---|
| Field | Keystone, South |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 03427 |
| Wellbores | 93 |
| Reported production | 1,956,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where KEYSTONE CATTLE CO. 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.