AVERITT
AVERITT is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Custer & Wright Operating, Inc. It has 2 wellbores on file with the Commission. Reported production runs from May 1998 to August 2026, totalling 110,371 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 $440K, with roughly $85K 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 160 barrels a month, about 80 per wellbore. Its strongest month on the record we hold was February 2017, at 468 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 AVERITT
- Who operates AVERITT?
- AVERITT is operated by Custer & Wright Operating, Inc., Railroad Commission of Texas operator number 195651.
- Where is AVERITT?
- AVERITT is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 35732.
- Is AVERITT still producing?
- AVERITT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AVERITT is August 2026.
- How much has AVERITT produced?
- AVERITT has reported 110,371 barrels of oil (bbl) to the Railroad Commission of Texas between May 1998 and August 2026, from 2 wellbores.
- How much is AVERITT worth?
- The remaining production from AVERITT is estimated to be worth about $440K in total as of 27 August 2026, within a range of $343K to $536K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AVERITT is a fraction of it. The estimate fits an Arps decline curve to the production AVERITT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AVERITT is an estimate of value, not an offer and not an appraisal.
- How much income does AVERITT generate in a year?
- AVERITT is forecast to net about $85K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in AVERITT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Custer & Wright Operating, Inc. |
|---|---|
| Field | Cowden, South |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 35732 |
| Wellbores | 2 |
| Reported production | 110,371 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $440K |
Where AVERITT 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.