BURKETT
BURKETT is a Texas oil lease in Young County, Railroad Commission district 09, operated by Goopco, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2002 to August 2026, totalling 36,737 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 $234K, with roughly $41K 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 June 2017, 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 BURKETT
- Who operates BURKETT?
- BURKETT is operated by Goopco, Inc., Railroad Commission of Texas operator number 315960.
- Where is BURKETT?
- BURKETT is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30024.
- Is BURKETT still producing?
- BURKETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURKETT is August 2026.
- How much has BURKETT produced?
- BURKETT has reported 36,737 barrels of oil (bbl) to the Railroad Commission of Texas between April 2002 and August 2026, from 1 wellbore.
- How much is BURKETT worth?
- The remaining production from BURKETT is estimated to be worth about $234K in total as of 26 August 2026, within a range of $128K to $339K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURKETT is a fraction of it. The estimate fits an Arps decline curve to the production BURKETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURKETT is an estimate of value, not an offer and not an appraisal.
- How much income does BURKETT generate in a year?
- BURKETT is forecast to net about $41K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BURKETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Goopco, Inc. |
|---|---|
| Field | Edmonds, E. (Mble. FLS. Congl.) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 30024 |
| Wellbores | 1 |
| Reported production | 36,737 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $234K |
Where BURKETT 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.