OGLE PLAXCO B
OGLE PLAXCO B is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Canan Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2011 to August 2026, totalling 36,846 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 $722K, with roughly $110K 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 65 barrels a month. Its strongest month on the record we hold was June 2016, at 269 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 OGLE PLAXCO B
- Who operates OGLE PLAXCO B?
- OGLE PLAXCO B is operated by Canan Operating, Inc., Railroad Commission of Texas operator number 128979.
- Where is OGLE PLAXCO B?
- OGLE PLAXCO B is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32588.
- Is OGLE PLAXCO B still producing?
- OGLE PLAXCO B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OGLE PLAXCO B is August 2026.
- How much has OGLE PLAXCO B produced?
- OGLE PLAXCO B has reported 36,846 barrels of oil (bbl) to the Railroad Commission of Texas between August 2011 and August 2026, from 1 wellbore.
- How much is OGLE PLAXCO B worth?
- The remaining production from OGLE PLAXCO B is estimated to be worth about $722K in total as of 27 August 2026, within a range of $397K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OGLE PLAXCO B is a fraction of it. The estimate fits an Arps decline curve to the production OGLE PLAXCO B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OGLE PLAXCO B is an estimate of value, not an offer and not an appraisal.
- How much income does OGLE PLAXCO B generate in a year?
- OGLE PLAXCO B is forecast to net about $110K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OGLE PLAXCO B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Canan Operating, Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 32588 |
| Wellbores | 1 |
| Reported production | 36,846 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $722K |
Where OGLE PLAXCO B 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.