POWELL -12-
POWELL -12- is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Miltex Oil Company. It has 4 wellbores on file with the Commission. Reported production runs from February 2000 to August 2026, totalling 125,686 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 $233K, with roughly $39K 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 54 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was May 2018, at 300 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 POWELL -12-
- Who operates POWELL -12-?
- POWELL -12- is operated by Miltex Oil Company, Railroad Commission of Texas operator number 569415.
- Where is POWELL -12-?
- POWELL -12- is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36199.
- Is POWELL -12- still producing?
- POWELL -12- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL -12- is August 2026.
- How much has POWELL -12- produced?
- POWELL -12- has reported 125,686 barrels of oil (bbl) to the Railroad Commission of Texas between February 2000 and August 2026, from 4 wellbores.
- How much is POWELL -12- worth?
- The remaining production from POWELL -12- is estimated to be worth about $233K in total as of 26 August 2026, within a range of $128K to $338K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL -12- is a fraction of it. The estimate fits an Arps decline curve to the production POWELL -12- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL -12- is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL -12- generate in a year?
- POWELL -12- is forecast to net about $39K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POWELL -12- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Miltex Oil Company |
|---|---|
| Field | Signal Peak (Wolfcamp) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 36199 |
| Wellbores | 4 |
| Reported production | 125,686 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $233K |
Where POWELL -12- 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.