ODEM
ODEM is a Texas oil lease in Bee County, Railroad Commission district 02, operated by Tsoco & W. M. Null. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 40,327 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 $197K, with roughly $38K 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 51 barrels a month. Its strongest month on the record we hold was November 2023, at 113 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 ODEM
- Who operates ODEM?
- ODEM is operated by Tsoco & W. M. Null, Railroad Commission of Texas operator number 872222.
- Where is ODEM?
- ODEM is a Texas oil lease in Bee County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 07273.
- Is ODEM still producing?
- ODEM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ODEM is August 2026.
- How much has ODEM produced?
- ODEM has reported 40,327 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ODEM worth?
- The remaining production from ODEM is estimated to be worth about $197K in total as of 26 August 2026, within a range of $108K to $286K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ODEM is a fraction of it. The estimate fits an Arps decline curve to the production ODEM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ODEM is an estimate of value, not an offer and not an appraisal.
- How much income does ODEM generate in a year?
- ODEM is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ODEM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tsoco & W. M. Null |
|---|---|
| Field | Mudhill (Hockley) |
| County | Bee County, Texas |
| RRC district | 02 |
| Lease number | 07273 |
| Wellbores | 1 |
| Reported production | 40,327 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $197K |
Where ODEM 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.