LEWIS
LEWIS is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Vess Oil Corporation. It has 2 wellbores on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 264,182 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 $11.2M, with roughly $3.2M 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 5,416 barrels a month, about 2,708 per wellbore. Its strongest month on the record we hold was December 2023, at 22,451 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LEWIS
- Who operates LEWIS?
- LEWIS is operated by Vess Oil Corporation, Railroad Commission of Texas operator number 884750.
- Where is LEWIS?
- LEWIS is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28121.
- Is LEWIS still producing?
- LEWIS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEWIS is August 2026.
- How much has LEWIS produced?
- LEWIS has reported 264,182 barrels of oil (bbl) to the Railroad Commission of Texas between November 2023 and August 2026, from 2 wellbores.
- How much is LEWIS worth?
- The remaining production from LEWIS is estimated to be worth about $11.2M in total as of 26 August 2026, within a range of $9.3M to $13.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEWIS is a fraction of it. The estimate fits an Arps decline curve to the production LEWIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEWIS is an estimate of value, not an offer and not an appraisal.
- How much income does LEWIS generate in a year?
- LEWIS is forecast to net about $3.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEWIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vess Oil Corporation |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 28121 |
| Wellbores | 2 |
| Reported production | 264,182 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.2M |
Where LEWIS 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.