DIREWOLF UNIT 16-28
DIREWOLF UNIT 16-28 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Surge Operating, LLC. It has 6 wellbores on file with the Commission. Reported production runs from December 2024 to August 2026, totalling 926,004 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 $36.3M, with roughly $14.1M 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 38,798 barrels a month, about 6,466 per wellbore. Its strongest month on the record we hold was January 2025, at 141,354 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 DIREWOLF UNIT 16-28
- Who operates DIREWOLF UNIT 16-28?
- DIREWOLF UNIT 16-28 is operated by Surge Operating, LLC, Railroad Commission of Texas operator number 760725.
- Where is DIREWOLF UNIT 16-28?
- DIREWOLF UNIT 16-28 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62989.
- Is DIREWOLF UNIT 16-28 still producing?
- DIREWOLF UNIT 16-28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DIREWOLF UNIT 16-28 is August 2026.
- How much has DIREWOLF UNIT 16-28 produced?
- DIREWOLF UNIT 16-28 has reported 926,004 barrels of oil (bbl) to the Railroad Commission of Texas between December 2024 and August 2026, from 6 wellbores.
- How much is DIREWOLF UNIT 16-28 worth?
- The remaining production from DIREWOLF UNIT 16-28 is estimated to be worth about $36.3M in total as of 26 August 2026, within a range of $29.7M to $42.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DIREWOLF UNIT 16-28 is a fraction of it. The estimate fits an Arps decline curve to the production DIREWOLF UNIT 16-28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DIREWOLF UNIT 16-28 is an estimate of value, not an offer and not an appraisal.
- How much income does DIREWOLF UNIT 16-28 generate in a year?
- DIREWOLF UNIT 16-28 is forecast to net about $14.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DIREWOLF UNIT 16-28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Surge Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 62989 |
| Wellbores | 6 |
| Reported production | 926,004 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $36.3M |
Where DIREWOLF UNIT 16-28 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.