POWELL RANCH -38-
POWELL RANCH -38- is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Devon SFS Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2000 to August 2026, totalling 12,439 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 $118K, with roughly $18K 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 11 barrels a month. Its strongest month on the record we hold was June 2019, at 66 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 RANCH -38-
- Who operates POWELL RANCH -38-?
- POWELL RANCH -38- is operated by Devon SFS Operating, Inc., Railroad Commission of Texas operator number 216738.
- Where is POWELL RANCH -38-?
- POWELL RANCH -38- is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36191.
- Is POWELL RANCH -38- still producing?
- POWELL RANCH -38- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL RANCH -38- is August 2026.
- How much has POWELL RANCH -38- produced?
- POWELL RANCH -38- has reported 12,439 barrels of oil (bbl) to the Railroad Commission of Texas between February 2000 and August 2026, from 1 wellbore.
- How much is POWELL RANCH -38- worth?
- The remaining production from POWELL RANCH -38- is estimated to be worth about $118K in total as of 26 August 2026, within a range of $65K to $171K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL RANCH -38- is a fraction of it. The estimate fits an Arps decline curve to the production POWELL RANCH -38- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL RANCH -38- is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL RANCH -38- generate in a year?
- POWELL RANCH -38- is forecast to net about $18K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POWELL RANCH -38- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon SFS Operating, Inc. |
|---|---|
| Field | Signal Peak (Wolfcamp) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 36191 |
| Wellbores | 1 |
| Reported production | 12,439 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $118K |
Where POWELL RANCH -38- 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.