OWEN
OWEN is a Texas oil lease in Burleson County, Railroad Commission district 05, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 81,515 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 $693K, with roughly $124K 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 155 barrels a month. Its strongest month on the record we hold was May 2016, at 1,511 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 OWEN
- Who operates OWEN?
- OWEN is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is OWEN?
- OWEN is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 04280.
- Is OWEN still producing?
- OWEN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWEN is August 2026.
- How much has OWEN produced?
- OWEN has reported 81,515 barrels of oil (bbl) to the Railroad Commission of Texas between May 2015 and August 2026, from 1 wellbore.
- How much is OWEN worth?
- The remaining production from OWEN is estimated to be worth about $693K in total as of 26 August 2026, within a range of $541K to $845K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWEN is a fraction of it. The estimate fits an Arps decline curve to the production OWEN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWEN is an estimate of value, not an offer and not an appraisal.
- How much income does OWEN generate in a year?
- OWEN is forecast to net about $124K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OWEN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Aguila Vado (Eagleford) |
| County | Burleson County, Texas |
| RRC district | 05 |
| Lease number | 04280 |
| Wellbores | 1 |
| Reported production | 81,515 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $693K |
Where OWEN 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.