PARAFFINE OIL
PARAFFINE OIL is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Setab Prod. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 7,573 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 $51K, with roughly $10K 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 16 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was June 2019, at 48 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 PARAFFINE OIL
- Who operates PARAFFINE OIL?
- PARAFFINE OIL is operated by Setab Prod., Railroad Commission of Texas operator number 767789.
- Where is PARAFFINE OIL?
- PARAFFINE OIL is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 07673.
- Is PARAFFINE OIL still producing?
- PARAFFINE OIL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PARAFFINE OIL is August 2026.
- How much has PARAFFINE OIL produced?
- PARAFFINE OIL has reported 7,573 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is PARAFFINE OIL worth?
- The remaining production from PARAFFINE OIL is estimated to be worth about $51K in total as of 27 August 2026, within a range of $28K to $74K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PARAFFINE OIL is a fraction of it. The estimate fits an Arps decline curve to the production PARAFFINE OIL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PARAFFINE OIL is an estimate of value, not an offer and not an appraisal.
- How much income does PARAFFINE OIL generate in a year?
- PARAFFINE OIL is forecast to net about $10K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PARAFFINE OIL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Setab Prod. |
|---|---|
| Field | Batson Old |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 07673 |
| Wellbores | 2 |
| Reported production | 7,573 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $51K |
Where PARAFFINE OIL 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.