DEEP ROCK 23
DEEP ROCK 23 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ica Energy Operating, L.L.C. It has 3 wellbores on file with the Commission. Reported production runs from November 2022 to August 2026, totalling 169,622 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 $6.4M, with roughly $2.0M 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 3,331 barrels a month, about 1,110 per wellbore. Its strongest month on the record we hold was January 2023, at 7,433 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 DEEP ROCK 23
- Who operates DEEP ROCK 23?
- DEEP ROCK 23 is operated by Ica Energy Operating, L.L.C., Railroad Commission of Texas operator number 421777.
- Where is DEEP ROCK 23?
- DEEP ROCK 23 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61090.
- Is DEEP ROCK 23 still producing?
- DEEP ROCK 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEEP ROCK 23 is August 2026.
- How much has DEEP ROCK 23 produced?
- DEEP ROCK 23 has reported 169,622 barrels of oil (bbl) to the Railroad Commission of Texas between November 2022 and August 2026, from 3 wellbores.
- How much is DEEP ROCK 23 worth?
- The remaining production from DEEP ROCK 23 is estimated to be worth about $6.4M in total as of 26 August 2026, within a range of $5.3M to $7.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEEP ROCK 23 is a fraction of it. The estimate fits an Arps decline curve to the production DEEP ROCK 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEEP ROCK 23 is an estimate of value, not an offer and not an appraisal.
- How much income does DEEP ROCK 23 generate in a year?
- DEEP ROCK 23 is forecast to net about $2.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEEP ROCK 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ica Energy Operating, L.L.C. |
|---|---|
| Field | Shafter Lake (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 61090 |
| Wellbores | 3 |
| Reported production | 169,622 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.4M |
Where DEEP ROCK 23 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.