VIRGIL J. POWELL
VIRGIL J. POWELL is a Texas oil lease in Schleicher County, Railroad Commission district 7C, operated by Osborn Heirs Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 15,161 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 $304K, with roughly $54K 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 91 barrels a month. Its strongest month on the record we hold was December 2023, at 301 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 VIRGIL J. POWELL
- Who operates VIRGIL J. POWELL?
- VIRGIL J. POWELL is operated by Osborn Heirs Company, Railroad Commission of Texas operator number 627140.
- Where is VIRGIL J. POWELL?
- VIRGIL J. POWELL is a Texas oil lease in Schleicher County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19134.
- Is VIRGIL J. POWELL still producing?
- VIRGIL J. POWELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VIRGIL J. POWELL is August 2026.
- How much has VIRGIL J. POWELL produced?
- VIRGIL J. POWELL has reported 15,161 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 1 wellbore.
- How much is VIRGIL J. POWELL worth?
- The remaining production from VIRGIL J. POWELL is estimated to be worth about $304K in total as of 26 August 2026, within a range of $167K to $441K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VIRGIL J. POWELL is a fraction of it. The estimate fits an Arps decline curve to the production VIRGIL J. POWELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VIRGIL J. POWELL is an estimate of value, not an offer and not an appraisal.
- How much income does VIRGIL J. POWELL generate in a year?
- VIRGIL J. POWELL is forecast to net about $54K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VIRGIL J. POWELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Osborn Heirs Company |
|---|---|
| Field | Fort Mckavitt (Lime 4150) |
| County | Schleicher County, Texas |
| RRC district | 7C |
| Lease number | 19134 |
| Wellbores | 1 |
| Reported production | 15,161 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $304K |
Where VIRGIL J. POWELL 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.