MONUMENT DRAW
MONUMENT DRAW is a Texas oil lease in Gaines County, Railroad Commission district 08, operated by Texland Petroleum, L.P. It has 3 wellbores on file with the Commission. Reported production runs from December 2009 to August 2026, totalling 146,474 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 $1.5M, with roughly $330K 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 575 barrels a month, about 192 per wellbore. Its strongest month on the record we hold was May 2019, at 1,116 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 MONUMENT DRAW
- Who operates MONUMENT DRAW?
- MONUMENT DRAW is operated by Texland Petroleum, L.P., Railroad Commission of Texas operator number 849735.
- Where is MONUMENT DRAW?
- MONUMENT DRAW is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39786.
- Is MONUMENT DRAW still producing?
- MONUMENT DRAW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MONUMENT DRAW is August 2026.
- How much has MONUMENT DRAW produced?
- MONUMENT DRAW has reported 146,474 barrels of oil (bbl) to the Railroad Commission of Texas between December 2009 and August 2026, from 3 wellbores.
- How much is MONUMENT DRAW worth?
- The remaining production from MONUMENT DRAW is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.1M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MONUMENT DRAW is a fraction of it. The estimate fits an Arps decline curve to the production MONUMENT DRAW has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MONUMENT DRAW is an estimate of value, not an offer and not an appraisal.
- How much income does MONUMENT DRAW generate in a year?
- MONUMENT DRAW is forecast to net about $330K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MONUMENT DRAW receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texland Petroleum, L.P. |
|---|---|
| Field | Boydell, S. (Clear Fork, Lo.) |
| County | Gaines County, Texas |
| RRC district | 08 |
| Lease number | 39786 |
| Wellbores | 3 |
| Reported production | 146,474 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where MONUMENT DRAW 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.