ELECTRIC UNIT B 23-22
ELECTRIC UNIT B 23-22 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Surge Operating, LLC. It has 6 wellbores on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 1,257,819 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 $17.7M, with roughly $7.2M 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 15,770 barrels a month, about 2,628 per wellbore. Its strongest month on the record we hold was May 2024, at 105,120 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 ELECTRIC UNIT B 23-22
- Who operates ELECTRIC UNIT B 23-22?
- ELECTRIC UNIT B 23-22 is operated by Surge Operating, LLC, Railroad Commission of Texas operator number 760725.
- Where is ELECTRIC UNIT B 23-22?
- ELECTRIC UNIT B 23-22 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58885.
- Is ELECTRIC UNIT B 23-22 still producing?
- ELECTRIC UNIT B 23-22 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ELECTRIC UNIT B 23-22 is August 2026.
- How much has ELECTRIC UNIT B 23-22 produced?
- ELECTRIC UNIT B 23-22 has reported 1,257,819 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 6 wellbores.
- How much is ELECTRIC UNIT B 23-22 worth?
- The remaining production from ELECTRIC UNIT B 23-22 is estimated to be worth about $17.7M in total as of 26 August 2026, within a range of $14.5M to $20.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ELECTRIC UNIT B 23-22 is a fraction of it. The estimate fits an Arps decline curve to the production ELECTRIC UNIT B 23-22 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ELECTRIC UNIT B 23-22 is an estimate of value, not an offer and not an appraisal.
- How much income does ELECTRIC UNIT B 23-22 generate in a year?
- ELECTRIC UNIT B 23-22 is forecast to net about $7.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ELECTRIC UNIT B 23-22 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Surge Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 58885 |
| Wellbores | 6 |
| Reported production | 1,257,819 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17.7M |
Where ELECTRIC UNIT B 23-22 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.