WASSON "48"
WASSON "48" is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Conoco Inc. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 591,586 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 $1.5M, with roughly $407K 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 691 barrels a month, about 99 per wellbore. Its strongest month on the record we hold was April 2026, at 1,837 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 WASSON "48"
- Who operates WASSON "48"?
- WASSON "48" is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is WASSON "48"?
- WASSON "48" is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 17975.
- Is WASSON "48" still producing?
- WASSON "48" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WASSON "48" is August 2026.
- How much has WASSON "48" produced?
- WASSON "48" has reported 591,586 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is WASSON "48" worth?
- The remaining production from WASSON "48" is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WASSON "48" is a fraction of it. The estimate fits an Arps decline curve to the production WASSON "48" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WASSON "48" is an estimate of value, not an offer and not an appraisal.
- How much income does WASSON "48" generate in a year?
- WASSON "48" is forecast to net about $407K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WASSON "48" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Wasson, S. (Wichita-Albany) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 17975 |
| Wellbores | 7 |
| Reported production | 591,586 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where WASSON "48" 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.