TXL "23"
TXL "23" is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Terrace Petroleum Corporation. It has 8 wellbores on file with the Commission. Reported production runs from July 2001 to August 2026, totalling 604,420 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $58K, with roughly $17K expected over the next twelve months.
| Operator | Terrace Petroleum Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 36677 |
| Wellbores | 8 |
| Reported production | 604,420 bbl |
| First reported | July 2001 |
| Last reported | August 2026 |
| Estimated royalty value | $58K |
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.