LEONARD REVOCABLE TRUST UNIT 2
LEONARD REVOCABLE TRUST UNIT 2 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Xto Energy Inc. It has 7 wellbores on file with the Commission. Reported production runs from September 2018 to August 2026, totalling 2,404,134 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 $14.2M, with roughly $3.8M 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 4,302 barrels a month, about 615 per wellbore. Its strongest month on the record we hold was March 2019, at 206,918 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 LEONARD REVOCABLE TRUST UNIT 2
- Who operates LEONARD REVOCABLE TRUST UNIT 2?
- LEONARD REVOCABLE TRUST UNIT 2 is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is LEONARD REVOCABLE TRUST UNIT 2?
- LEONARD REVOCABLE TRUST UNIT 2 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50955.
- Is LEONARD REVOCABLE TRUST UNIT 2 still producing?
- LEONARD REVOCABLE TRUST UNIT 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEONARD REVOCABLE TRUST UNIT 2 is August 2026.
- How much has LEONARD REVOCABLE TRUST UNIT 2 produced?
- LEONARD REVOCABLE TRUST UNIT 2 has reported 2,404,134 barrels of oil (bbl) to the Railroad Commission of Texas between September 2018 and August 2026, from 7 wellbores.
- How much is LEONARD REVOCABLE TRUST UNIT 2 worth?
- The remaining production from LEONARD REVOCABLE TRUST UNIT 2 is estimated to be worth about $14.2M in total as of 26 August 2026, within a range of $11.8M to $16.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEONARD REVOCABLE TRUST UNIT 2 is a fraction of it. The estimate fits an Arps decline curve to the production LEONARD REVOCABLE TRUST UNIT 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEONARD REVOCABLE TRUST UNIT 2 is an estimate of value, not an offer and not an appraisal.
- How much income does LEONARD REVOCABLE TRUST UNIT 2 generate in a year?
- LEONARD REVOCABLE TRUST UNIT 2 is forecast to net about $3.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEONARD REVOCABLE TRUST UNIT 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 50955 |
| Wellbores | 7 |
| Reported production | 2,404,134 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14.2M |
Where LEONARD REVOCABLE TRUST UNIT 2 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.