DIRT ROAD
DIRT ROAD is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Clear Water Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 48,539 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 $1.6M, with roughly $257K 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 233 barrels a month. Its strongest month on the record we hold was March 2023, at 1,163 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 DIRT ROAD
- Who operates DIRT ROAD?
- DIRT ROAD is operated by Clear Water Inc., Railroad Commission of Texas operator number 159643.
- Where is DIRT ROAD?
- DIRT ROAD is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47306.
- Is DIRT ROAD still producing?
- DIRT ROAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DIRT ROAD is August 2026.
- How much has DIRT ROAD produced?
- DIRT ROAD has reported 48,539 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is DIRT ROAD worth?
- The remaining production from DIRT ROAD is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DIRT ROAD is a fraction of it. The estimate fits an Arps decline curve to the production DIRT ROAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DIRT ROAD is an estimate of value, not an offer and not an appraisal.
- How much income does DIRT ROAD generate in a year?
- DIRT ROAD is forecast to net about $257K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DIRT ROAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Clear Water Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 47306 |
| Wellbores | 1 |
| Reported production | 48,539 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where DIRT ROAD 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.