NEWELL
NEWELL is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Partee Drilling Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2009 to August 2026, totalling 25,656 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 $183K, with roughly $35K 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 42 barrels a month. Its strongest month on the record we hold was October 2019, at 186 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 NEWELL
- Who operates NEWELL?
- NEWELL is operated by Partee Drilling Inc., Railroad Commission of Texas operator number 642702.
- Where is NEWELL?
- NEWELL is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39736.
- Is NEWELL still producing?
- NEWELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEWELL is August 2026.
- How much has NEWELL produced?
- NEWELL has reported 25,656 barrels of oil (bbl) to the Railroad Commission of Texas between September 2009 and August 2026, from 1 wellbore.
- How much is NEWELL worth?
- The remaining production from NEWELL is estimated to be worth about $183K in total as of 27 August 2026, within a range of $101K to $266K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEWELL is a fraction of it. The estimate fits an Arps decline curve to the production NEWELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEWELL is an estimate of value, not an offer and not an appraisal.
- How much income does NEWELL generate in a year?
- NEWELL is forecast to net about $35K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEWELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Partee Drilling Inc. |
|---|---|
| Field | Garden City, NW (Strawn 9630) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 39736 |
| Wellbores | 1 |
| Reported production | 25,656 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $183K |
Where NEWELL 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.