MADISON 04D
MADISON 04D is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2020 to August 2026, totalling 545,175 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 $15.0M, with roughly $3.2M 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 4,256 barrels a month. Its strongest month on the record we hold was January 2021, at 41,245 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MADISON 04D
- Who operates MADISON 04D?
- MADISON 04D is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is MADISON 04D?
- MADISON 04D is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56067.
- Is MADISON 04D still producing?
- MADISON 04D is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MADISON 04D is August 2026.
- How much has MADISON 04D produced?
- MADISON 04D has reported 545,175 barrels of oil (bbl) to the Railroad Commission of Texas between November 2020 and August 2026, from 1 wellbore.
- How much is MADISON 04D worth?
- The remaining production from MADISON 04D is estimated to be worth about $15.0M in total as of 27 August 2026, within a range of $12.5M to $17.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MADISON 04D is a fraction of it. The estimate fits an Arps decline curve to the production MADISON 04D has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MADISON 04D is an estimate of value, not an offer and not an appraisal.
- How much income does MADISON 04D generate in a year?
- MADISON 04D is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MADISON 04D receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 56067 |
| Wellbores | 1 |
| Reported production | 545,175 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15.0M |
Where MADISON 04D 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.