WATERS 22
WATERS 22 is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Mcclure Oil Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 2017 to August 2026, totalling 17,808 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 $949K, with roughly $215K 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 330 barrels a month, about 165 per wellbore. Its strongest month on the record we hold was May 2017, at 1,030 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 WATERS 22
- Who operates WATERS 22?
- WATERS 22 is operated by Mcclure Oil Company, Inc., Railroad Commission of Texas operator number 540703.
- Where is WATERS 22?
- WATERS 22 is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70579.
- Is WATERS 22 still producing?
- WATERS 22 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATERS 22 is August 2026.
- How much has WATERS 22 produced?
- WATERS 22 has reported 17,808 barrels of oil (bbl) to the Railroad Commission of Texas between January 2017 and August 2026, from 2 wellbores.
- How much is WATERS 22 worth?
- The remaining production from WATERS 22 is estimated to be worth about $949K in total as of 26 August 2026, within a range of $740K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATERS 22 is a fraction of it. The estimate fits an Arps decline curve to the production WATERS 22 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATERS 22 is an estimate of value, not an offer and not an appraisal.
- How much income does WATERS 22 generate in a year?
- WATERS 22 is forecast to net about $215K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WATERS 22 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcclure Oil Company, Inc. |
|---|---|
| Field | Wescott (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 70579 |
| Wellbores | 2 |
| Reported production | 17,808 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $949K |
Where WATERS 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.