WILLARD -741-
WILLARD -741- is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Union Oil Company Of California. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 194,850 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 $466K, with roughly $90K 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 135 barrels a month, about 45 per wellbore. Its strongest month on the record we hold was October 2017, at 317 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 WILLARD -741-
- Who operates WILLARD -741-?
- WILLARD -741- is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is WILLARD -741-?
- WILLARD -741- is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 61645.
- Is WILLARD -741- still producing?
- WILLARD -741- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WILLARD -741- is August 2026.
- How much has WILLARD -741- produced?
- WILLARD -741- has reported 194,850 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is WILLARD -741- worth?
- The remaining production from WILLARD -741- is estimated to be worth about $466K in total as of 26 August 2026, within a range of $364K to $569K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WILLARD -741- is a fraction of it. The estimate fits an Arps decline curve to the production WILLARD -741- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WILLARD -741- is an estimate of value, not an offer and not an appraisal.
- How much income does WILLARD -741- generate in a year?
- WILLARD -741- is forecast to net about $90K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WILLARD -741- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Wasson, Ne. (Clear Fork) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 61645 |
| Wellbores | 3 |
| Reported production | 194,850 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $466K |
Where WILLARD -741- 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.