ABEL 1607LS
ABEL 1607LS is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Oxy USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 241,047 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 $576K, with roughly $109K 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 204 barrels a month. Its strongest month on the record we hold was June 2016, at 4,213 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 ABEL 1607LS
- Who operates ABEL 1607LS?
- ABEL 1607LS is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is ABEL 1607LS?
- ABEL 1607LS is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47021.
- Is ABEL 1607LS still producing?
- ABEL 1607LS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ABEL 1607LS is August 2026.
- How much has ABEL 1607LS produced?
- ABEL 1607LS has reported 241,047 barrels of oil (bbl) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is ABEL 1607LS worth?
- The remaining production from ABEL 1607LS is estimated to be worth about $576K in total as of 27 August 2026, within a range of $449K to $703K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ABEL 1607LS is a fraction of it. The estimate fits an Arps decline curve to the production ABEL 1607LS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ABEL 1607LS is an estimate of value, not an offer and not an appraisal.
- How much income does ABEL 1607LS generate in a year?
- ABEL 1607LS is forecast to net about $109K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ABEL 1607LS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 47021 |
| Wellbores | 1 |
| Reported production | 241,047 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $576K |
Where ABEL 1607LS 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.