RHODES
RHODES is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Oxy USA Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,792,066 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 $5.7M, with roughly $1.3M 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 1,879 barrels a month, about 470 per wellbore. Its strongest month on the record we hold was July 2017, at 4,173 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 RHODES
- Who operates RHODES?
- RHODES is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is RHODES?
- RHODES is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 22344.
- Is RHODES still producing?
- RHODES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RHODES is August 2026.
- How much has RHODES produced?
- RHODES has reported 1,792,066 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is RHODES worth?
- The remaining production from RHODES is estimated to be worth about $5.7M in total as of 26 August 2026, within a range of $4.8M to $6.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RHODES is a fraction of it. The estimate fits an Arps decline curve to the production RHODES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RHODES is an estimate of value, not an offer and not an appraisal.
- How much income does RHODES generate in a year?
- RHODES is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RHODES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Cowden, North (Clear Fork) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 22344 |
| Wellbores | 4 |
| Reported production | 1,792,066 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.7M |
Where RHODES 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.