TURNBERRY UNIT
TURNBERRY UNIT is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Oxy USA Inc. It has 2 wellbores on file with the Commission. Reported production runs from September 2016 to August 2026, totalling 638,488 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 $5.8M, with roughly $1.3M 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 1,859 barrels a month, about 929 per wellbore. Its strongest month on the record we hold was October 2016, at 42,091 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 TURNBERRY UNIT
- Who operates TURNBERRY UNIT?
- TURNBERRY UNIT is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is TURNBERRY UNIT?
- TURNBERRY UNIT is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48417.
- Is TURNBERRY UNIT still producing?
- TURNBERRY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TURNBERRY UNIT is August 2026.
- How much has TURNBERRY UNIT produced?
- TURNBERRY UNIT has reported 638,488 barrels of oil (bbl) to the Railroad Commission of Texas between September 2016 and August 2026, from 2 wellbores.
- How much is TURNBERRY UNIT worth?
- The remaining production from TURNBERRY UNIT is estimated to be worth about $5.8M in total as of 26 August 2026, within a range of $4.8M to $6.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TURNBERRY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TURNBERRY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TURNBERRY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TURNBERRY UNIT generate in a year?
- TURNBERRY UNIT is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TURNBERRY UNIT 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 | Howard County, Texas |
| RRC district | 08 |
| Lease number | 48417 |
| Wellbores | 2 |
| Reported production | 638,488 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.8M |
Where TURNBERRY UNIT 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.