NECHES -15-
NECHES -15- is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 4 wellbores on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 106,459 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 $159K, with roughly $138K 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 695 barrels a month, about 174 per wellbore. Its strongest month on the record we hold was October 2025, at 1,191 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 NECHES -15-
- Who operates NECHES -15-?
- NECHES -15- is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is NECHES -15-?
- NECHES -15- is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41443.
- Is NECHES -15- still producing?
- NECHES -15- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NECHES -15- is August 2026.
- How much has NECHES -15- produced?
- NECHES -15- has reported 106,459 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 4 wellbores.
- How much is NECHES -15- worth?
- The remaining production from NECHES -15- is estimated to be worth about $159K in total as of 27 August 2026, within a range of $124K to $194K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NECHES -15- is a fraction of it. The estimate fits an Arps decline curve to the production NECHES -15- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NECHES -15- is an estimate of value, not an offer and not an appraisal.
- How much income does NECHES -15- generate in a year?
- NECHES -15- is forecast to net about $138K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NECHES -15- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 41443 |
| Wellbores | 4 |
| Reported production | 106,459 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $159K |
Where NECHES -15- 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.