READ 33
READ 33 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Paladin Petroleum III, L.L.C. It has 3 wellbores on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 65,259 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 $528K, with roughly $317K 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 702 barrels a month, about 234 per wellbore. Its strongest month on the record we hold was May 2023, at 5,262 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 READ 33
- Who operates READ 33?
- READ 33 is operated by Paladin Petroleum III, L.L.C., Railroad Commission of Texas operator number 635107.
- Where is READ 33?
- READ 33 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53512.
- Is READ 33 still producing?
- READ 33 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for READ 33 is August 2026.
- How much has READ 33 produced?
- READ 33 has reported 65,259 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 3 wellbores.
- How much is READ 33 worth?
- The remaining production from READ 33 is estimated to be worth about $528K in total as of 26 August 2026, within a range of $412K to $645K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in READ 33 is a fraction of it. The estimate fits an Arps decline curve to the production READ 33 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for READ 33 is an estimate of value, not an offer and not an appraisal.
- How much income does READ 33 generate in a year?
- READ 33 is forecast to net about $317K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in READ 33 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Paladin Petroleum III, L.L.C. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 53512 |
| Wellbores | 3 |
| Reported production | 65,259 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $528K |
Where READ 33 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.