LEONARD 46
LEONARD 46 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Athlon Fe Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 16,301 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 $228K, with roughly $42K 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 51 barrels a month. Its strongest month on the record we hold was May 2017, at 350 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 LEONARD 46
- Who operates LEONARD 46?
- LEONARD 46 is operated by Athlon Fe Operating LLC, Railroad Commission of Texas operator number 036048.
- Where is LEONARD 46?
- LEONARD 46 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43918.
- Is LEONARD 46 still producing?
- LEONARD 46 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEONARD 46 is August 2026.
- How much has LEONARD 46 produced?
- LEONARD 46 has reported 16,301 barrels of oil (bbl) to the Railroad Commission of Texas between May 2013 and August 2026, from 1 wellbore.
- How much is LEONARD 46 worth?
- The remaining production from LEONARD 46 is estimated to be worth about $228K in total as of 27 August 2026, within a range of $125K to $331K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEONARD 46 is a fraction of it. The estimate fits an Arps decline curve to the production LEONARD 46 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEONARD 46 is an estimate of value, not an offer and not an appraisal.
- How much income does LEONARD 46 generate in a year?
- LEONARD 46 is forecast to net about $42K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LEONARD 46 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Athlon Fe Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 43918 |
| Wellbores | 1 |
| Reported production | 16,301 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $228K |
Where LEONARD 46 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.