LANGLEY
LANGLEY is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Cadence Energy Partners, LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 16,841 barrels. The lease is intermittent. 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 $22K, with roughly $4K 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 4 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was July 2016, at 193 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 LANGLEY
- Who operates LANGLEY?
- LANGLEY is operated by Cadence Energy Partners, LLC, Railroad Commission of Texas operator number 122566.
- Where is LANGLEY?
- LANGLEY is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38979.
- Is LANGLEY still producing?
- LANGLEY is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LANGLEY is August 2026.
- How much has LANGLEY produced?
- LANGLEY has reported 16,841 barrels of oil (bbl) to the Railroad Commission of Texas between September 2008 and August 2026, from 2 wellbores.
- How much is LANGLEY worth?
- The remaining production from LANGLEY is estimated to be worth about $22K in total as of 26 August 2026, within a range of $0 to $43K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANGLEY is a fraction of it. The estimate fits an Arps decline curve to the production LANGLEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANGLEY is an estimate of value, not an offer and not an appraisal.
- How much income does LANGLEY generate in a year?
- LANGLEY is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LANGLEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cadence Energy Partners, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 38979 |
| Wellbores | 2 |
| Reported production | 16,841 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22K |
Where LANGLEY 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.