MYERS
MYERS is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Covenant Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2021 to August 2026, totalling 12,535 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 $691K, with roughly $133K 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 191 barrels a month, about 95 per wellbore. Its strongest month on the record we hold was August 2024, at 702 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 MYERS
- Who operates MYERS?
- MYERS is operated by Covenant Operating, LLC, Railroad Commission of Texas operator number 182800.
- Where is MYERS?
- MYERS is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34055.
- Is MYERS still producing?
- MYERS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MYERS is August 2026.
- How much has MYERS produced?
- MYERS has reported 12,535 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 2 wellbores.
- How much is MYERS worth?
- The remaining production from MYERS is estimated to be worth about $691K in total as of 26 August 2026, within a range of $539K to $843K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MYERS is a fraction of it. The estimate fits an Arps decline curve to the production MYERS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MYERS is an estimate of value, not an offer and not an appraisal.
- How much income does MYERS generate in a year?
- MYERS is forecast to net about $133K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MYERS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Covenant Operating, LLC |
|---|---|
| Field | Ratcliff (Strawn 4575) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 34055 |
| Wellbores | 2 |
| Reported production | 12,535 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $691K |
Where MYERS 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.