WE CONNELL NCT-2
WE CONNELL NCT-2 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Texaco E & P Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 365,587 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 $494K, with roughly $175K 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 304 barrels a month, about 152 per wellbore. Its strongest month on the record we hold was November 2019, at 926 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 WE CONNELL NCT-2
- Who operates WE CONNELL NCT-2?
- WE CONNELL NCT-2 is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is WE CONNELL NCT-2?
- WE CONNELL NCT-2 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 33448.
- Is WE CONNELL NCT-2 still producing?
- WE CONNELL NCT-2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WE CONNELL NCT-2 is August 2026.
- How much has WE CONNELL NCT-2 produced?
- WE CONNELL NCT-2 has reported 365,587 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is WE CONNELL NCT-2 worth?
- The remaining production from WE CONNELL NCT-2 is estimated to be worth about $494K in total as of 26 August 2026, within a range of $385K to $603K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WE CONNELL NCT-2 is a fraction of it. The estimate fits an Arps decline curve to the production WE CONNELL NCT-2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WE CONNELL NCT-2 is an estimate of value, not an offer and not an appraisal.
- How much income does WE CONNELL NCT-2 generate in a year?
- WE CONNELL NCT-2 is forecast to net about $175K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WE CONNELL NCT-2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Jordan (Wichita Albany) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 33448 |
| Wellbores | 2 |
| Reported production | 365,587 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $494K |
Where WE CONNELL NCT-2 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.