READ 34
READ 34 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Paladin Petroleum III, L.L.C. It has 2 wellbores on file with the Commission. Reported production runs from June 2020 to August 2026, totalling 178,219 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 $1.4M, with roughly $670K 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 1,357 barrels a month, about 679 per wellbore. Its strongest month on the record we hold was August 2020, at 10,294 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 34
- Who operates READ 34?
- READ 34 is operated by Paladin Petroleum III, L.L.C., Railroad Commission of Texas operator number 635107.
- Where is READ 34?
- READ 34 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54583.
- Is READ 34 still producing?
- READ 34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for READ 34 is August 2026.
- How much has READ 34 produced?
- READ 34 has reported 178,219 barrels of oil (bbl) to the Railroad Commission of Texas between June 2020 and August 2026, from 2 wellbores.
- How much is READ 34 worth?
- The remaining production from READ 34 is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.2M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in READ 34 is a fraction of it. The estimate fits an Arps decline curve to the production READ 34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for READ 34 is an estimate of value, not an offer and not an appraisal.
- How much income does READ 34 generate in a year?
- READ 34 is forecast to net about $670K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in READ 34 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 | 54583 |
| Wellbores | 2 |
| Reported production | 178,219 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where READ 34 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.