DAVIES
DAVIES is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Melton, Joe, DRLG. Co., Inc. It has 12 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 419,280 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 $2.9M, with roughly $662K 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 980 barrels a month, about 82 per wellbore. Its strongest month on the record we hold was August 2020, at 1,385 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 DAVIES
- Who operates DAVIES?
- DAVIES is operated by Melton, Joe, DRLG. Co., Inc., Railroad Commission of Texas operator number 559580.
- Where is DAVIES?
- DAVIES is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 63821.
- Is DAVIES still producing?
- DAVIES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DAVIES is August 2026.
- How much has DAVIES produced?
- DAVIES has reported 419,280 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 12 wellbores.
- How much is DAVIES worth?
- The remaining production from DAVIES is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.3M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DAVIES is a fraction of it. The estimate fits an Arps decline curve to the production DAVIES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DAVIES is an estimate of value, not an offer and not an appraisal.
- How much income does DAVIES generate in a year?
- DAVIES is forecast to net about $662K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DAVIES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Melton, Joe, DRLG. Co., Inc. |
|---|---|
| Field | Levelland |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 63821 |
| Wellbores | 12 |
| Reported production | 419,280 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where DAVIES 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.