PAUL 134
PAUL 134 is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Williams, Clayton Energy, Inc. It has 2 wellbores on file with the Commission. Reported production runs from February 2015 to August 2026, totalling 523,280 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 $5.4M, with roughly $1.4M 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 1,988 barrels a month, about 994 per wellbore. Its strongest month on the record we hold was March 2018, at 9,871 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 PAUL 134
- Who operates PAUL 134?
- PAUL 134 is operated by Williams, Clayton Energy, Inc., Railroad Commission of Texas operator number 924624.
- Where is PAUL 134?
- PAUL 134 is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26752.
- Is PAUL 134 still producing?
- PAUL 134 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAUL 134 is August 2026.
- How much has PAUL 134 produced?
- PAUL 134 has reported 523,280 barrels of oil (bbl) to the Railroad Commission of Texas between February 2015 and August 2026, from 2 wellbores.
- How much is PAUL 134 worth?
- The remaining production from PAUL 134 is estimated to be worth about $5.4M in total as of 26 August 2026, within a range of $4.5M to $6.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAUL 134 is a fraction of it. The estimate fits an Arps decline curve to the production PAUL 134 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAUL 134 is an estimate of value, not an offer and not an appraisal.
- How much income does PAUL 134 generate in a year?
- PAUL 134 is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAUL 134 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Williams, Clayton Energy, Inc. |
|---|---|
| Field | Giddings (Eagleford) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 26752 |
| Wellbores | 2 |
| Reported production | 523,280 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.4M |
Where PAUL 134 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.