POWELL 1089CP
POWELL 1089CP is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Oxy USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2022 to August 2026, totalling 283,521 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 $4.4M, with roughly $1.9M 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 3,221 barrels a month. Its strongest month on the record we hold was December 2022, at 24,190 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 POWELL 1089CP
- Who operates POWELL 1089CP?
- POWELL 1089CP is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is POWELL 1089CP?
- POWELL 1089CP is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58905.
- Is POWELL 1089CP still producing?
- POWELL 1089CP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL 1089CP is August 2026.
- How much has POWELL 1089CP produced?
- POWELL 1089CP has reported 283,521 barrels of oil (bbl) to the Railroad Commission of Texas between October 2022 and August 2026, from 1 wellbore.
- How much is POWELL 1089CP worth?
- The remaining production from POWELL 1089CP is estimated to be worth about $4.4M in total as of 27 August 2026, within a range of $3.6M to $5.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL 1089CP is a fraction of it. The estimate fits an Arps decline curve to the production POWELL 1089CP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL 1089CP is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL 1089CP generate in a year?
- POWELL 1089CP is forecast to net about $1.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POWELL 1089CP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 58905 |
| Wellbores | 1 |
| Reported production | 283,521 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.4M |
Where POWELL 1089CP 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.