WEBB OIL UNIT III
WEBB OIL UNIT III is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Benchmark Texas Petroleum, LLC. It has 6 wellbores on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 2,100 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 $59K, with roughly $11K 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 30 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was December 2021, at 118 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 WEBB OIL UNIT III
- Who operates WEBB OIL UNIT III?
- WEBB OIL UNIT III is operated by Benchmark Texas Petroleum, LLC., Railroad Commission of Texas operator number 064104.
- Where is WEBB OIL UNIT III?
- WEBB OIL UNIT III is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18733.
- Is WEBB OIL UNIT III still producing?
- WEBB OIL UNIT III is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEBB OIL UNIT III is August 2026.
- How much has WEBB OIL UNIT III produced?
- WEBB OIL UNIT III has reported 2,100 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 6 wellbores.
- How much is WEBB OIL UNIT III worth?
- The remaining production from WEBB OIL UNIT III is estimated to be worth about $59K in total as of 27 August 2026, within a range of $32K to $85K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEBB OIL UNIT III is a fraction of it. The estimate fits an Arps decline curve to the production WEBB OIL UNIT III has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEBB OIL UNIT III is an estimate of value, not an offer and not an appraisal.
- How much income does WEBB OIL UNIT III generate in a year?
- WEBB OIL UNIT III is forecast to net about $11K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WEBB OIL UNIT III receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Benchmark Texas Petroleum, LLC. |
|---|---|
| Field | Drummond (Edwards 1800) |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 18733 |
| Wellbores | 6 |
| Reported production | 2,100 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $59K |
Where WEBB OIL UNIT III 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.