GUITAR 15A
GUITAR 15A is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 331,461 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 $3.3M, with roughly $717K 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 834 barrels a month. Its strongest month on the record we hold was June 2016, at 7,113 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 GUITAR 15A
- Who operates GUITAR 15A?
- GUITAR 15A is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is GUITAR 15A?
- GUITAR 15A is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47220.
- Is GUITAR 15A still producing?
- GUITAR 15A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUITAR 15A is August 2026.
- How much has GUITAR 15A produced?
- GUITAR 15A has reported 331,461 barrels of oil (bbl) to the Railroad Commission of Texas between June 2015 and August 2026, from 1 wellbore.
- How much is GUITAR 15A worth?
- The remaining production from GUITAR 15A is estimated to be worth about $3.3M in total as of 26 August 2026, within a range of $2.6M to $4.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUITAR 15A is a fraction of it. The estimate fits an Arps decline curve to the production GUITAR 15A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUITAR 15A is an estimate of value, not an offer and not an appraisal.
- How much income does GUITAR 15A generate in a year?
- GUITAR 15A is forecast to net about $717K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GUITAR 15A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 47220 |
| Wellbores | 1 |
| Reported production | 331,461 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.3M |
Where GUITAR 15A 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.