MIDLAND 'AC/AF' FEE 11
MIDLAND 'AC/AF' FEE 11 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 August 2015 to August 2026, totalling 771,066 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 $3.0M, with roughly $1.4M 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 2,484 barrels a month, about 1,242 per wellbore. Its strongest month on the record we hold was November 2018, at 20,125 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 11
- Who operates MIDLAND 'AC/AF' FEE 11?
- MIDLAND 'AC/AF' FEE 11 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MIDLAND 'AC/AF' FEE 11?
- MIDLAND 'AC/AF' FEE 11 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47107.
- Is MIDLAND 'AC/AF' FEE 11 still producing?
- MIDLAND 'AC/AF' FEE 11 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND 'AC/AF' FEE 11 is August 2026.
- How much has MIDLAND 'AC/AF' FEE 11 produced?
- MIDLAND 'AC/AF' FEE 11 has reported 771,066 barrels of oil (bbl) to the Railroad Commission of Texas between August 2015 and August 2026, from 2 wellbores.
- How much is MIDLAND 'AC/AF' FEE 11 worth?
- The remaining production from MIDLAND 'AC/AF' FEE 11 is estimated to be worth about $3.0M in total as of 26 August 2026, within a range of $2.5M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDLAND 'AC/AF' FEE 11 is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND 'AC/AF' FEE 11 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 11 is an estimate of value, not an offer and not an appraisal.
- How much income does MIDLAND 'AC/AF' FEE 11 generate in a year?
- MIDLAND 'AC/AF' FEE 11 is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIDLAND 'AC/AF' FEE 11 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 47107 |
| Wellbores | 2 |
| Reported production | 771,066 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where MIDLAND 'AC/AF' FEE 11 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.