RAPPE-TURNER -1A-
RAPPE-TURNER -1A- is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Ncec, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 40,753 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 $290K, with roughly $56K 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 49 barrels a month. Its strongest month on the record we hold was September 2018, at 498 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 RAPPE-TURNER -1A-
- Who operates RAPPE-TURNER -1A-?
- RAPPE-TURNER -1A- is operated by Ncec, Inc., Railroad Commission of Texas operator number 601358.
- Where is RAPPE-TURNER -1A-?
- RAPPE-TURNER -1A- is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 01389.
- Is RAPPE-TURNER -1A- still producing?
- RAPPE-TURNER -1A- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAPPE-TURNER -1A- is August 2026.
- How much has RAPPE-TURNER -1A- produced?
- RAPPE-TURNER -1A- has reported 40,753 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RAPPE-TURNER -1A- worth?
- The remaining production from RAPPE-TURNER -1A- is estimated to be worth about $290K in total as of 27 August 2026, within a range of $159K to $420K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAPPE-TURNER -1A- is a fraction of it. The estimate fits an Arps decline curve to the production RAPPE-TURNER -1A- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAPPE-TURNER -1A- is an estimate of value, not an offer and not an appraisal.
- How much income does RAPPE-TURNER -1A- generate in a year?
- RAPPE-TURNER -1A- is forecast to net about $56K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAPPE-TURNER -1A- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ncec, Inc. |
|---|---|
| Field | Quitman (Eagle Ford) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 01389 |
| Wellbores | 1 |
| Reported production | 40,753 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $290K |
Where RAPPE-TURNER -1A- 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.