BELLAM
BELLAM is a Texas oil lease in Howard County, Railroad Commission district 08, operated by American Exploration Company. It has 19 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 367,075 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 $1.1M, with roughly $308K 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 451 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was March 2023, at 734 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 BELLAM
- Who operates BELLAM?
- BELLAM is operated by American Exploration Company, Railroad Commission of Texas operator number 018023.
- Where is BELLAM?
- BELLAM is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 02896.
- Is BELLAM still producing?
- BELLAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BELLAM is August 2026.
- How much has BELLAM produced?
- BELLAM has reported 367,075 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 19 wellbores.
- How much is BELLAM worth?
- The remaining production from BELLAM is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $832K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BELLAM is a fraction of it. The estimate fits an Arps decline curve to the production BELLAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BELLAM is an estimate of value, not an offer and not an appraisal.
- How much income does BELLAM generate in a year?
- BELLAM is forecast to net about $308K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BELLAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | American Exploration Company |
|---|---|
| Field | Iatan, East Howard |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 02896 |
| Wellbores | 19 |
| Reported production | 367,075 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where BELLAM 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.