KELLY
KELLY is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by V-F Petroleum Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 19,601 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 $127K, with roughly $24K 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 32 barrels a month. Its strongest month on the record we hold was September 2022, at 121 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 KELLY
- Who operates KELLY?
- KELLY is operated by V-F Petroleum Inc., Railroad Commission of Texas operator number 880375.
- Where is KELLY?
- KELLY is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66470.
- Is KELLY still producing?
- KELLY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KELLY is August 2026.
- How much has KELLY produced?
- KELLY has reported 19,601 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KELLY worth?
- The remaining production from KELLY is estimated to be worth about $127K in total as of 27 August 2026, within a range of $70K to $184K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KELLY is a fraction of it. The estimate fits an Arps decline curve to the production KELLY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KELLY is an estimate of value, not an offer and not an appraisal.
- How much income does KELLY generate in a year?
- KELLY is forecast to net about $24K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KELLY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | V-F Petroleum Inc. |
|---|---|
| Field | Cedar Lake, Se. (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 66470 |
| Wellbores | 1 |
| Reported production | 19,601 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $127K |
Where KELLY 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.