NEWBY
NEWBY is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Morrison DRLG. & Prod. Co., Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 52,971 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 $74K, with roughly $14K 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 19 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was December 2018, at 58 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 NEWBY
- Who operates NEWBY?
- NEWBY is operated by Morrison DRLG. & Prod. Co., Inc., Railroad Commission of Texas operator number 588660.
- Where is NEWBY?
- NEWBY is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 30337.
- Is NEWBY still producing?
- NEWBY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEWBY is August 2026.
- How much has NEWBY produced?
- NEWBY has reported 52,971 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is NEWBY worth?
- The remaining production from NEWBY is estimated to be worth about $74K in total as of 26 August 2026, within a range of $41K to $107K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEWBY is a fraction of it. The estimate fits an Arps decline curve to the production NEWBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEWBY is an estimate of value, not an offer and not an appraisal.
- How much income does NEWBY generate in a year?
- NEWBY is forecast to net about $14K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEWBY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Morrison DRLG. & Prod. Co., Inc. |
|---|---|
| Field | Westbrook, East (Clear Fork) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 30337 |
| Wellbores | 2 |
| Reported production | 52,971 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $74K |
Where NEWBY 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.