MAY 1108
MAY 1108 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Oxy USA Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2015 to August 2026, totalling 464,541 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 $187K, with roughly $140K 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 595 barrels a month. Its strongest month on the record we hold was May 2016, at 15,232 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 MAY 1108
- Who operates MAY 1108?
- MAY 1108 is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is MAY 1108?
- MAY 1108 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47604.
- Is MAY 1108 still producing?
- MAY 1108 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAY 1108 is August 2026.
- How much has MAY 1108 produced?
- MAY 1108 has reported 464,541 barrels of oil (bbl) to the Railroad Commission of Texas between November 2015 and August 2026, from 1 wellbore.
- How much is MAY 1108 worth?
- The remaining production from MAY 1108 is estimated to be worth about $187K in total as of 26 August 2026, within a range of $146K to $228K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAY 1108 is a fraction of it. The estimate fits an Arps decline curve to the production MAY 1108 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAY 1108 is an estimate of value, not an offer and not an appraisal.
- How much income does MAY 1108 generate in a year?
- MAY 1108 is forecast to net about $140K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAY 1108 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 47604 |
| Wellbores | 1 |
| Reported production | 464,541 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $187K |
Where MAY 1108 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.