NEWKIRK
NEWKIRK is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Conocophillips Company. It has 2 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 48,398 barrels. The lease is intermittent. 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 $826K, with roughly $154K 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 131 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was October 2016, at 529 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 NEWKIRK
- Who operates NEWKIRK?
- NEWKIRK is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is NEWKIRK?
- NEWKIRK is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43461.
- Is NEWKIRK still producing?
- NEWKIRK is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NEWKIRK is August 2026.
- How much has NEWKIRK produced?
- NEWKIRK has reported 48,398 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 2 wellbores.
- How much is NEWKIRK worth?
- The remaining production from NEWKIRK is estimated to be worth about $826K in total as of 27 August 2026, within a range of $644K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEWKIRK is a fraction of it. The estimate fits an Arps decline curve to the production NEWKIRK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEWKIRK is an estimate of value, not an offer and not an appraisal.
- How much income does NEWKIRK generate in a year?
- NEWKIRK is forecast to net about $154K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEWKIRK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 43461 |
| Wellbores | 2 |
| Reported production | 48,398 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $826K |
Where NEWKIRK 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.