CONNELL SEC 03
CONNELL SEC 03 is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Founders Oil & Gas Operating,LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2020 to August 2026, totalling 79,258 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 $2.1M, with roughly $465K 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 583 barrels a month. Its strongest month on the record we hold was September 2020, at 4,596 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 CONNELL SEC 03
- Who operates CONNELL SEC 03?
- CONNELL SEC 03 is operated by Founders Oil & Gas Operating,LLC, Railroad Commission of Texas operator number 280640.
- Where is CONNELL SEC 03?
- CONNELL SEC 03 is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55386.
- Is CONNELL SEC 03 still producing?
- CONNELL SEC 03 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONNELL SEC 03 is August 2026.
- How much has CONNELL SEC 03 produced?
- CONNELL SEC 03 has reported 79,258 barrels of oil (bbl) to the Railroad Commission of Texas between August 2020 and August 2026, from 1 wellbore.
- How much is CONNELL SEC 03 worth?
- The remaining production from CONNELL SEC 03 is estimated to be worth about $2.1M in total as of 26 August 2026, within a range of $1.7M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONNELL SEC 03 is a fraction of it. The estimate fits an Arps decline curve to the production CONNELL SEC 03 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONNELL SEC 03 is an estimate of value, not an offer and not an appraisal.
- How much income does CONNELL SEC 03 generate in a year?
- CONNELL SEC 03 is forecast to net about $465K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONNELL SEC 03 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Founders Oil & Gas Operating,LLC |
|---|---|
| Field | Penwell (Clear Fork) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 55386 |
| Wellbores | 1 |
| Reported production | 79,258 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where CONNELL SEC 03 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.