MIDLAND 'AC/AF' FEE 10

MIDLAND 'AC/AF' FEE 10 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 597,799 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 $4.8M, with roughly $1.2M 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 1,523 barrels a month, about 762 per wellbore. Its strongest month on the record we hold was October 2018, at 22,579 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 MIDLAND 'AC/AF' FEE 10

Who operates MIDLAND 'AC/AF' FEE 10?: MIDLAND 'AC/AF' FEE 10 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
Where is MIDLAND 'AC/AF' FEE 10?: MIDLAND 'AC/AF' FEE 10 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47000.
Is MIDLAND 'AC/AF' FEE 10 still producing?: MIDLAND 'AC/AF' FEE 10 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND 'AC/AF' FEE 10 is August 2026.
How much has MIDLAND 'AC/AF' FEE 10 produced?: MIDLAND 'AC/AF' FEE 10 has reported 597,799 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 2 wellbores.
How much is MIDLAND 'AC/AF' FEE 10 worth?: The remaining production from MIDLAND 'AC/AF' FEE 10 is estimated to be worth about $4.8M in total as of 26 August 2026, within a range of $4.0M to $5.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDLAND 'AC/AF' FEE 10 is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND 'AC/AF' FEE 10 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDLAND 'AC/AF' FEE 10 is an estimate of value, not an offer and not an appraisal.
How much income does MIDLAND 'AC/AF' FEE 10 generate in a year?: MIDLAND 'AC/AF' FEE 10 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIDLAND 'AC/AF' FEE 10 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

MIDLAND 'AC/AF' FEE 10 as filed with the Railroad Commission of Texas
Operator	Chevron U. S. A. Inc.
Field	Spraberry (Trend Area)
County	Midland County, Texas
RRC district	08
Lease number	47000
Wellbores	2
Reported production	597,799 bbl
First reported	April 2015
Last reported	August 2026
Estimated royalty value	$4.8M

Where MIDLAND 'AC/AF' FEE 10 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.