SCOTTISH RITE UNIT
SCOTTISH RITE UNIT is a Texas oil lease in Wood County, Railroad Commission district 05, operated by Valence Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from July 2015 to August 2026, totalling 144,645 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 $796K, with roughly $262K 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 376 barrels a month, about 188 per wellbore. Its strongest month on the record we hold was June 2019, at 11,471 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 SCOTTISH RITE UNIT
- Who operates SCOTTISH RITE UNIT?
- SCOTTISH RITE UNIT is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is SCOTTISH RITE UNIT?
- SCOTTISH RITE UNIT is a Texas oil lease in Wood County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 04176.
- Is SCOTTISH RITE UNIT still producing?
- SCOTTISH RITE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SCOTTISH RITE UNIT is August 2026.
- How much has SCOTTISH RITE UNIT produced?
- SCOTTISH RITE UNIT has reported 144,645 barrels of oil (bbl) to the Railroad Commission of Texas between July 2015 and August 2026, from 2 wellbores.
- How much is SCOTTISH RITE UNIT worth?
- The remaining production from SCOTTISH RITE UNIT is estimated to be worth about $796K in total as of 26 August 2026, within a range of $621K to $971K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SCOTTISH RITE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SCOTTISH RITE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SCOTTISH RITE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SCOTTISH RITE UNIT generate in a year?
- SCOTTISH RITE UNIT is forecast to net about $262K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SCOTTISH RITE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Como (Rodessa Hill, Lo.) |
| County | Wood County, Texas |
| RRC district | 05 |
| Lease number | 04176 |
| Wellbores | 2 |
| Reported production | 144,645 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $796K |
Where SCOTTISH RITE 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.