NEEDHAM, EARL
NEEDHAM, EARL is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Vomela Resources Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 18,455 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 $89K, with roughly $17K 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 23 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was July 2017, at 65 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 NEEDHAM, EARL
- Who operates NEEDHAM, EARL?
- NEEDHAM, EARL is operated by Vomela Resources Inc., Railroad Commission of Texas operator number 886575.
- Where is NEEDHAM, EARL?
- NEEDHAM, EARL is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 15591.
- Is NEEDHAM, EARL still producing?
- NEEDHAM, EARL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEEDHAM, EARL is August 2026.
- How much has NEEDHAM, EARL produced?
- NEEDHAM, EARL has reported 18,455 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is NEEDHAM, EARL worth?
- The remaining production from NEEDHAM, EARL is estimated to be worth about $89K in total as of 27 August 2026, within a range of $49K to $129K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEEDHAM, EARL is a fraction of it. The estimate fits an Arps decline curve to the production NEEDHAM, EARL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEEDHAM, EARL is an estimate of value, not an offer and not an appraisal.
- How much income does NEEDHAM, EARL generate in a year?
- NEEDHAM, EARL is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEEDHAM, EARL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vomela Resources Inc. |
|---|---|
| Field | Elm Grove (Arnim -A-) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 15591 |
| Wellbores | 2 |
| Reported production | 18,455 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $89K |
Where NEEDHAM, EARL 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.