GLENDENING -A-
GLENDENING -A- is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Kindred Petroleum Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 202,401 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 $839K, with roughly $161K 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 219 barrels a month, about 109 per wellbore. Its strongest month on the record we hold was April 2018, at 639 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 GLENDENING -A-
- Who operates GLENDENING -A-?
- GLENDENING -A- is operated by Kindred Petroleum Company, Railroad Commission of Texas operator number 463326.
- Where is GLENDENING -A-?
- GLENDENING -A- is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 22842.
- Is GLENDENING -A- still producing?
- GLENDENING -A- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLENDENING -A- is August 2026.
- How much has GLENDENING -A- produced?
- GLENDENING -A- has reported 202,401 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is GLENDENING -A- worth?
- The remaining production from GLENDENING -A- is estimated to be worth about $839K in total as of 27 August 2026, within a range of $654K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLENDENING -A- is a fraction of it. The estimate fits an Arps decline curve to the production GLENDENING -A- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLENDENING -A- is an estimate of value, not an offer and not an appraisal.
- How much income does GLENDENING -A- generate in a year?
- GLENDENING -A- is forecast to net about $161K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GLENDENING -A- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kindred Petroleum Company |
|---|---|
| Field | Phoenix (Grayburg) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 22842 |
| Wellbores | 2 |
| Reported production | 202,401 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $839K |
Where GLENDENING -A- 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.