NECHES OU 23
NECHES OU 23 is a Texas oil lease in Cherokee County, Railroad Commission district 06, operated by Exxon Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 214,522 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 $827K, with roughly $184K 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 262 barrels a month. Its strongest month on the record we hold was December 2016, at 423 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 NECHES OU 23
- Who operates NECHES OU 23?
- NECHES OU 23 is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
- Where is NECHES OU 23?
- NECHES OU 23 is a Texas oil lease in Cherokee County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 01097.
- Is NECHES OU 23 still producing?
- NECHES OU 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NECHES OU 23 is August 2026.
- How much has NECHES OU 23 produced?
- NECHES OU 23 has reported 214,522 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is NECHES OU 23 worth?
- The remaining production from NECHES OU 23 is estimated to be worth about $827K in total as of 26 August 2026, within a range of $645K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NECHES OU 23 is a fraction of it. The estimate fits an Arps decline curve to the production NECHES OU 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NECHES OU 23 is an estimate of value, not an offer and not an appraisal.
- How much income does NECHES OU 23 generate in a year?
- NECHES OU 23 is forecast to net about $184K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NECHES OU 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Corp. |
|---|---|
| Field | Neches (Woodbine) |
| County | Cherokee County, Texas |
| RRC district | 06 |
| Lease number | 01097 |
| Wellbores | 1 |
| Reported production | 214,522 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $827K |
Where NECHES OU 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.