NEWTON 10
NEWTON 10 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Element Petroleum Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2009 to August 2026, totalling 163,266 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 $1.2M, with roughly $250K 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 298 barrels a month. Its strongest month on the record we hold was May 2016, at 1,850 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 NEWTON 10
- Who operates NEWTON 10?
- NEWTON 10 is operated by Element Petroleum Operating, LLC, Railroad Commission of Texas operator number 247680.
- Where is NEWTON 10?
- NEWTON 10 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40017.
- Is NEWTON 10 still producing?
- NEWTON 10 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NEWTON 10 is August 2026.
- How much has NEWTON 10 produced?
- NEWTON 10 has reported 163,266 barrels of oil (bbl) to the Railroad Commission of Texas between December 2009 and August 2026, from 1 wellbore.
- How much is NEWTON 10 worth?
- The remaining production from NEWTON 10 is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $900K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEWTON 10 is a fraction of it. The estimate fits an Arps decline curve to the production NEWTON 10 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEWTON 10 is an estimate of value, not an offer and not an appraisal.
- How much income does NEWTON 10 generate in a year?
- NEWTON 10 is forecast to net about $250K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEWTON 10 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petroleum Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 40017 |
| Wellbores | 1 |
| Reported production | 163,266 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where NEWTON 10 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.