NE CITY 35-38 UNIT 1
NE CITY 35-38 UNIT 1 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 2 wellbores on file with the Commission. Reported production runs from January 2024 to August 2026, totalling 470,460 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 $8.9M, with roughly $5.7M 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 14,385 barrels a month, about 7,193 per wellbore. Its strongest month on the record we hold was August 2024, at 35,341 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 NE CITY 35-38 UNIT 1
- Who operates NE CITY 35-38 UNIT 1?
- NE CITY 35-38 UNIT 1 is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is NE CITY 35-38 UNIT 1?
- NE CITY 35-38 UNIT 1 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61087.
- Is NE CITY 35-38 UNIT 1 still producing?
- NE CITY 35-38 UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NE CITY 35-38 UNIT 1 is August 2026.
- How much has NE CITY 35-38 UNIT 1 produced?
- NE CITY 35-38 UNIT 1 has reported 470,460 barrels of oil (bbl) to the Railroad Commission of Texas between January 2024 and August 2026, from 2 wellbores.
- How much is NE CITY 35-38 UNIT 1 worth?
- The remaining production from NE CITY 35-38 UNIT 1 is estimated to be worth about $8.9M in total as of 26 August 2026, within a range of $7.3M to $10.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NE CITY 35-38 UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production NE CITY 35-38 UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NE CITY 35-38 UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does NE CITY 35-38 UNIT 1 generate in a year?
- NE CITY 35-38 UNIT 1 is forecast to net about $5.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NE CITY 35-38 UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Energy Resources L.P. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 61087 |
| Wellbores | 2 |
| Reported production | 470,460 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.9M |
Where NE CITY 35-38 UNIT 1 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.