NORTH LEVELLAND UNIT
NORTH LEVELLAND UNIT is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Texaco E & P Inc. It has 55 wellbores on file with the Commission. Reported production runs from April 1994 to August 2026, totalling 2,616,112 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 $15.5M, with roughly $3.5M 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 4,971 barrels a month, about 90 per wellbore. Its strongest month on the record we hold was March 2017, at 7,340 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 NORTH LEVELLAND UNIT
- Who operates NORTH LEVELLAND UNIT?
- NORTH LEVELLAND UNIT is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is NORTH LEVELLAND UNIT?
- NORTH LEVELLAND UNIT is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67224.
- Is NORTH LEVELLAND UNIT still producing?
- NORTH LEVELLAND UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH LEVELLAND UNIT is August 2026.
- How much has NORTH LEVELLAND UNIT produced?
- NORTH LEVELLAND UNIT has reported 2,616,112 barrels of oil (bbl) to the Railroad Commission of Texas between April 1994 and August 2026, from 55 wellbores.
- How much is NORTH LEVELLAND UNIT worth?
- The remaining production from NORTH LEVELLAND UNIT is estimated to be worth about $15.5M in total as of 27 August 2026, within a range of $12.8M to $18.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH LEVELLAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NORTH LEVELLAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH LEVELLAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH LEVELLAND UNIT generate in a year?
- NORTH LEVELLAND UNIT is forecast to net about $3.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORTH LEVELLAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Levelland |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 67224 |
| Wellbores | 55 |
| Reported production | 2,616,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15.5M |
Where NORTH LEVELLAND UNIT 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.