MIDDLETON UNIT B 47-38
MIDDLETON UNIT B 47-38 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Tall City Operations LLC. It has 9 wellbores on file with the Commission. Reported production runs from July 2014 to August 2026, totalling 1,791,096 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 $25.4M, with roughly $5.5M 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 9,181 barrels a month, about 1,020 per wellbore. Its strongest month on the record we hold was August 2020, at 97,420 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MIDDLETON UNIT B 47-38
- Who operates MIDDLETON UNIT B 47-38?
- MIDDLETON UNIT B 47-38 is operated by Tall City Operations LLC, Railroad Commission of Texas operator number 835517.
- Where is MIDDLETON UNIT B 47-38?
- MIDDLETON UNIT B 47-38 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46093.
- Is MIDDLETON UNIT B 47-38 still producing?
- MIDDLETON UNIT B 47-38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDDLETON UNIT B 47-38 is August 2026.
- How much has MIDDLETON UNIT B 47-38 produced?
- MIDDLETON UNIT B 47-38 has reported 1,791,096 barrels of oil (bbl) to the Railroad Commission of Texas between July 2014 and August 2026, from 9 wellbores.
- How much is MIDDLETON UNIT B 47-38 worth?
- The remaining production from MIDDLETON UNIT B 47-38 is estimated to be worth about $25.4M in total as of 27 August 2026, within a range of $21.1M to $29.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDDLETON UNIT B 47-38 is a fraction of it. The estimate fits an Arps decline curve to the production MIDDLETON UNIT B 47-38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDDLETON UNIT B 47-38 is an estimate of value, not an offer and not an appraisal.
- How much income does MIDDLETON UNIT B 47-38 generate in a year?
- MIDDLETON UNIT B 47-38 is forecast to net about $5.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDDLETON UNIT B 47-38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tall City Operations LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 46093 |
| Wellbores | 9 |
| Reported production | 1,791,096 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $25.4M |
Where MIDDLETON UNIT B 47-38 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.