WELLS
WELLS is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Decleva, Paul. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 37,003 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 $388K, with roughly $73K 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 94 barrels a month. Its strongest month on the record we hold was October 2022, at 207 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 WELLS
- Who operates WELLS?
- WELLS is operated by Decleva, Paul, Railroad Commission of Texas operator number 209380.
- Where is WELLS?
- WELLS is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 20062.
- Is WELLS still producing?
- WELLS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WELLS is August 2026.
- How much has WELLS produced?
- WELLS has reported 37,003 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WELLS worth?
- The remaining production from WELLS is estimated to be worth about $388K in total as of 27 August 2026, within a range of $213K to $562K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WELLS is a fraction of it. The estimate fits an Arps decline curve to the production WELLS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WELLS is an estimate of value, not an offer and not an appraisal.
- How much income does WELLS generate in a year?
- WELLS is forecast to net about $73K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WELLS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Decleva, Paul |
|---|---|
| Field | Clay County Regular |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 20062 |
| Wellbores | 1 |
| Reported production | 37,003 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $388K |
Where WELLS 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.