BARNETT NO. 3 UNIT
BARNETT NO. 3 UNIT is a Texas oil lease in Young County, Railroad Commission district 09, operated by Itx Corporation. It has 1 wellbore on file with the Commission. Reported production runs from February 1999 to August 2026, totalling 13,611 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 $163K, with roughly $29K 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 37 barrels a month. Its strongest month on the record we hold was January 2022, at 144 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 BARNETT NO. 3 UNIT
- Who operates BARNETT NO. 3 UNIT?
- BARNETT NO. 3 UNIT is operated by Itx Corporation, Railroad Commission of Texas operator number 427179.
- Where is BARNETT NO. 3 UNIT?
- BARNETT NO. 3 UNIT is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29620.
- Is BARNETT NO. 3 UNIT still producing?
- BARNETT NO. 3 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BARNETT NO. 3 UNIT is August 2026.
- How much has BARNETT NO. 3 UNIT produced?
- BARNETT NO. 3 UNIT has reported 13,611 barrels of oil (bbl) to the Railroad Commission of Texas between February 1999 and August 2026, from 1 wellbore.
- How much is BARNETT NO. 3 UNIT worth?
- The remaining production from BARNETT NO. 3 UNIT is estimated to be worth about $163K in total as of 26 August 2026, within a range of $90K to $236K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BARNETT NO. 3 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BARNETT NO. 3 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BARNETT NO. 3 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BARNETT NO. 3 UNIT generate in a year?
- BARNETT NO. 3 UNIT is forecast to net about $29K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BARNETT NO. 3 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Itx Corporation |
|---|---|
| Field | Barnett (Congl 4500) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 29620 |
| Wellbores | 1 |
| Reported production | 13,611 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $163K |
Where BARNETT NO. 3 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.