CONSTANCE
CONSTANCE is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Exl Petroleum, LP. It has 15 wellbores on file with the Commission. Reported production runs from June 2010 to August 2026, totalling 671,348 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 $1.6M, with roughly $431K 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 632 barrels a month, about 42 per wellbore. Its strongest month on the record we hold was July 2016, at 4,372 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 CONSTANCE
- Who operates CONSTANCE?
- CONSTANCE is operated by Exl Petroleum, LP, Railroad Commission of Texas operator number 256791.
- Where is CONSTANCE?
- CONSTANCE is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40124.
- Is CONSTANCE still producing?
- CONSTANCE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONSTANCE is August 2026.
- How much has CONSTANCE produced?
- CONSTANCE has reported 671,348 barrels of oil (bbl) to the Railroad Commission of Texas between June 2010 and August 2026, from 15 wellbores.
- How much is CONSTANCE worth?
- The remaining production from CONSTANCE is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONSTANCE is a fraction of it. The estimate fits an Arps decline curve to the production CONSTANCE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONSTANCE is an estimate of value, not an offer and not an appraisal.
- How much income does CONSTANCE generate in a year?
- CONSTANCE is forecast to net about $431K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONSTANCE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exl Petroleum, LP |
|---|---|
| Field | Sallie Ann (Spraberry-Wolfcamp) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 40124 |
| Wellbores | 15 |
| Reported production | 671,348 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where CONSTANCE 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.