CONNELL 124
CONNELL 124 is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Telesis Operating Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2007 to August 2026, totalling 17,982 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 $235K, with roughly $42K 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 50 barrels a month. Its strongest month on the record we hold was September 2016, at 90 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 CONNELL 124
- Who operates CONNELL 124?
- CONNELL 124 is operated by Telesis Operating Co., Inc., Railroad Commission of Texas operator number 841394.
- Where is CONNELL 124?
- CONNELL 124 is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69098.
- Is CONNELL 124 still producing?
- CONNELL 124 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONNELL 124 is August 2026.
- How much has CONNELL 124 produced?
- CONNELL 124 has reported 17,982 barrels of oil (bbl) to the Railroad Commission of Texas between June 2007 and August 2026, from 1 wellbore.
- How much is CONNELL 124 worth?
- The remaining production from CONNELL 124 is estimated to be worth about $235K in total as of 26 August 2026, within a range of $129K to $341K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONNELL 124 is a fraction of it. The estimate fits an Arps decline curve to the production CONNELL 124 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONNELL 124 is an estimate of value, not an offer and not an appraisal.
- How much income does CONNELL 124 generate in a year?
- CONNELL 124 is forecast to net about $42K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONNELL 124 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Telesis Operating Co., Inc. |
|---|---|
| Field | Post (Glorieta) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 69098 |
| Wellbores | 1 |
| Reported production | 17,982 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $235K |
Where CONNELL 124 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.