MADISON 04C
MADISON 04C is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2020 to August 2026, totalling 857,602 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 $3.7M, with roughly $1.9M 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 3,497 barrels a month. Its strongest month on the record we hold was January 2021, at 49,459 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 MADISON 04C
- Who operates MADISON 04C?
- MADISON 04C is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is MADISON 04C?
- MADISON 04C is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56004.
- Is MADISON 04C still producing?
- MADISON 04C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MADISON 04C is August 2026.
- How much has MADISON 04C produced?
- MADISON 04C has reported 857,602 barrels of oil (bbl) to the Railroad Commission of Texas between November 2020 and August 2026, from 1 wellbore.
- How much is MADISON 04C worth?
- The remaining production from MADISON 04C is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $3.1M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MADISON 04C is a fraction of it. The estimate fits an Arps decline curve to the production MADISON 04C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MADISON 04C is an estimate of value, not an offer and not an appraisal.
- How much income does MADISON 04C generate in a year?
- MADISON 04C is forecast to net about $1.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MADISON 04C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 56004 |
| Wellbores | 1 |
| Reported production | 857,602 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where MADISON 04C 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.