DELOACHE, J. I. NCT-3

DELOACHE, J. I. NCT-3 is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Phoenix Hydrocarbons Operating. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 44,161 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 $759K, with roughly $172K 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 255 barrels a month, about 85 per wellbore. Its strongest month on the record we hold was January 2026, at 281 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 DELOACHE, J. I. NCT-3

Who operates DELOACHE, J. I. NCT-3?: DELOACHE, J. I. NCT-3 is operated by Phoenix Hydrocarbons Operating, Railroad Commission of Texas operator number 664125.
Where is DELOACHE, J. I. NCT-3?: DELOACHE, J. I. NCT-3 is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 64138.
Is DELOACHE, J. I. NCT-3 still producing?: DELOACHE, J. I. NCT-3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DELOACHE, J. I. NCT-3 is August 2026.
How much has DELOACHE, J. I. NCT-3 produced?: DELOACHE, J. I. NCT-3 has reported 44,161 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
How much is DELOACHE, J. I. NCT-3 worth?: The remaining production from DELOACHE, J. I. NCT-3 is estimated to be worth about $759K in total as of 26 August 2026, within a range of $592K to $927K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DELOACHE, J. I. NCT-3 is a fraction of it. The estimate fits an Arps decline curve to the production DELOACHE, J. I. NCT-3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DELOACHE, J. I. NCT-3 is an estimate of value, not an offer and not an appraisal.
How much income does DELOACHE, J. I. NCT-3 generate in a year?: DELOACHE, J. I. NCT-3 is forecast to net about $172K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DELOACHE, J. I. NCT-3 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

DELOACHE, J. I. NCT-3 as filed with the Railroad Commission of Texas
Operator	Phoenix Hydrocarbons Operating
Field	Levelland
County	Hockley County, Texas
RRC district	8A
Lease number	64138
Wellbores	3
Reported production	44,161 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$759K

Where DELOACHE, J. I. NCT-3 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.