CONNELL -23-
CONNELL -23- 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 February 2008 to August 2026, totalling 13,776 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 $361K, with roughly $63K 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 60 barrels a month. Its strongest month on the record we hold was August 2016, at 153 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 -23-
- Who operates CONNELL -23-?
- CONNELL -23- is operated by Telesis Operating Co., Inc., Railroad Commission of Texas operator number 841394.
- Where is CONNELL -23-?
- CONNELL -23- is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69243.
- Is CONNELL -23- still producing?
- CONNELL -23- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONNELL -23- is August 2026.
- How much has CONNELL -23- produced?
- CONNELL -23- has reported 13,776 barrels of oil (bbl) to the Railroad Commission of Texas between February 2008 and August 2026, from 1 wellbore.
- How much is CONNELL -23- worth?
- The remaining production from CONNELL -23- is estimated to be worth about $361K in total as of 27 August 2026, within a range of $199K to $524K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONNELL -23- is a fraction of it. The estimate fits an Arps decline curve to the production CONNELL -23- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONNELL -23- is an estimate of value, not an offer and not an appraisal.
- How much income does CONNELL -23- generate in a year?
- CONNELL -23- is forecast to net about $63K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CONNELL -23- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Telesis Operating Co., Inc. |
|---|---|
| Field | Greg-John (Strawn) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 69243 |
| Wellbores | 1 |
| Reported production | 13,776 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $361K |
Where CONNELL -23- 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.