NOELKE "20"
NOELKE "20" is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Marathon Oil Company. It has 5 wellbores on file with the Commission. Reported production runs from July 1997 to August 2026, totalling 505,845 barrels. The lease is intermittent. 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 $505K, with roughly $97K 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 138 barrels a month, about 28 per wellbore. Its strongest month on the record we hold was August 2019, at 2,318 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 NOELKE "20"
- Who operates NOELKE "20"?
- NOELKE "20" is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is NOELKE "20"?
- NOELKE "20" is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 14608.
- Is NOELKE "20" still producing?
- NOELKE "20" is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NOELKE "20" is August 2026.
- How much has NOELKE "20" produced?
- NOELKE "20" has reported 505,845 barrels of oil (bbl) to the Railroad Commission of Texas between July 1997 and August 2026, from 5 wellbores.
- How much is NOELKE "20" worth?
- The remaining production from NOELKE "20" is estimated to be worth about $505K in total as of 26 August 2026, within a range of $394K to $617K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NOELKE "20" is a fraction of it. The estimate fits an Arps decline curve to the production NOELKE "20" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NOELKE "20" is an estimate of value, not an offer and not an appraisal.
- How much income does NOELKE "20" generate in a year?
- NOELKE "20" is forecast to net about $97K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NOELKE "20" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Olson |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 14608 |
| Wellbores | 5 |
| Reported production | 505,845 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $505K |
Where NOELKE "20" 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.