POWELL 21
POWELL 21 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Lackey, William H. Oil And Gas. It has 1 wellbore on file with the Commission. Reported production runs from December 2009 to August 2026, totalling 37,409 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 $44K, with roughly $6K 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 2 barrels a month. Its strongest month on the record we hold was April 2017, at 130 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 21
- Who operates POWELL 21?
- POWELL 21 is operated by Lackey, William H. Oil And Gas, Railroad Commission of Texas operator number 480868.
- Where is POWELL 21?
- POWELL 21 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39811.
- Is POWELL 21 still producing?
- POWELL 21 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL 21 is August 2026.
- How much has POWELL 21 produced?
- POWELL 21 has reported 37,409 barrels of oil (bbl) to the Railroad Commission of Texas between December 2009 and August 2026, from 1 wellbore.
- How much is POWELL 21 worth?
- The remaining production from POWELL 21 is estimated to be worth about $44K in total as of 26 August 2026, within a range of $0 to $88K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL 21 is a fraction of it. The estimate fits an Arps decline curve to the production POWELL 21 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL 21 is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL 21 generate in a year?
- POWELL 21 is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POWELL 21 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lackey, William H. Oil And Gas |
|---|---|
| Field | Signal Peak (Wolfcamp) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 39811 |
| Wellbores | 1 |
| Reported production | 37,409 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $44K |
Where POWELL 21 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.