LECK UNIT
LECK UNIT is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Olsen Energy Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 81,561 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 $636K, with roughly $122K 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 173 barrels a month, about 35 per wellbore. Its strongest month on the record we hold was March 2021, at 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 LECK UNIT
- Who operates LECK UNIT?
- LECK UNIT is operated by Olsen Energy Inc., Railroad Commission of Texas operator number 621750.
- Where is LECK UNIT?
- LECK UNIT is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 19408.
- Is LECK UNIT still producing?
- LECK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LECK UNIT is August 2026.
- How much has LECK UNIT produced?
- LECK UNIT has reported 81,561 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is LECK UNIT worth?
- The remaining production from LECK UNIT is estimated to be worth about $636K in total as of 26 August 2026, within a range of $496K to $776K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LECK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LECK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LECK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LECK UNIT generate in a year?
- LECK UNIT is forecast to net about $122K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LECK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Olsen Energy Inc. |
|---|---|
| Field | Kermit |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 19408 |
| Wellbores | 5 |
| Reported production | 81,561 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $636K |
Where LECK 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.