HENSON DR 38
HENSON DR 38 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Breitburn Operating L.P. It has 2 wellbores on file with the Commission. Reported production runs from August 2013 to August 2026, totalling 58,596 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 $760K, with roughly $146K 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 172 barrels a month, about 86 per wellbore. Its strongest month on the record we hold was April 2020, at 1,000 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 HENSON DR 38
- Who operates HENSON DR 38?
- HENSON DR 38 is operated by Breitburn Operating L.P., Railroad Commission of Texas operator number 090732.
- Where is HENSON DR 38?
- HENSON DR 38 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46622.
- Is HENSON DR 38 still producing?
- HENSON DR 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HENSON DR 38 is August 2026.
- How much has HENSON DR 38 produced?
- HENSON DR 38 has reported 58,596 barrels of oil (bbl) to the Railroad Commission of Texas between August 2013 and August 2026, from 2 wellbores.
- How much is HENSON DR 38 worth?
- The remaining production from HENSON DR 38 is estimated to be worth about $760K in total as of 26 August 2026, within a range of $592K to $927K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HENSON DR 38 is a fraction of it. The estimate fits an Arps decline curve to the production HENSON DR 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HENSON DR 38 is an estimate of value, not an offer and not an appraisal.
- How much income does HENSON DR 38 generate in a year?
- HENSON DR 38 is forecast to net about $146K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HENSON DR 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Breitburn Operating L.P. |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 46622 |
| Wellbores | 2 |
| Reported production | 58,596 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $760K |
Where HENSON DR 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.