WELCH NORTH UNIT
WELCH NORTH UNIT is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by Pennzoil Petroleum Company. It has 293 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 9,438,610 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 $24.9M, with roughly $5.6M 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 7,830 barrels a month, about 27 per wellbore. Its strongest month on the record we hold was August 2016, at 14,084 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 WELCH NORTH UNIT
- Who operates WELCH NORTH UNIT?
- WELCH NORTH UNIT is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is WELCH NORTH UNIT?
- WELCH NORTH UNIT is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 19573.
- Is WELCH NORTH UNIT still producing?
- WELCH NORTH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WELCH NORTH UNIT is August 2026.
- How much has WELCH NORTH UNIT produced?
- WELCH NORTH UNIT has reported 9,438,610 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 293 wellbores.
- How much is WELCH NORTH UNIT worth?
- The remaining production from WELCH NORTH UNIT is estimated to be worth about $24.9M in total as of 27 August 2026, within a range of $20.7M to $29.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WELCH NORTH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WELCH NORTH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WELCH NORTH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WELCH NORTH UNIT generate in a year?
- WELCH NORTH UNIT is forecast to net about $5.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WELCH NORTH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Welch |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 19573 |
| Wellbores | 293 |
| Reported production | 9,438,610 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $24.9M |
Where WELCH NORTH UNIT 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.