MIDLAND AX FEE UNIT
MIDLAND AX FEE UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 12 wellbores on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 1,523,246 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 $157K, with roughly $51K expected over the next twelve months.
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 46591 |
| Wellbores | 12 |
| Reported production | 1,523,246 bbl |
| First reported | January 2015 |
| Last reported | August 2026 |
| Estimated royalty value | $157K |
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.