SETTLES
SETTLES is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Wash, Robert C. Inc. It has 3 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 45,320 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 $517K, with roughly $99K 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 154 barrels a month, about 51 per wellbore. Its strongest month on the record we hold was February 2017, at 473 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 SETTLES
- Who operates SETTLES?
- SETTLES is operated by Wash, Robert C. Inc., Railroad Commission of Texas operator number 899038.
- Where is SETTLES?
- SETTLES is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47958.
- Is SETTLES still producing?
- SETTLES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SETTLES is August 2026.
- How much has SETTLES produced?
- SETTLES has reported 45,320 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 3 wellbores.
- How much is SETTLES worth?
- The remaining production from SETTLES is estimated to be worth about $517K in total as of 26 August 2026, within a range of $403K to $631K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SETTLES is a fraction of it. The estimate fits an Arps decline curve to the production SETTLES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SETTLES is an estimate of value, not an offer and not an appraisal.
- How much income does SETTLES generate in a year?
- SETTLES is forecast to net about $99K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SETTLES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wash, Robert C. Inc. |
|---|---|
| Field | Howard Glasscock (Consolidated) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 47958 |
| Wellbores | 3 |
| Reported production | 45,320 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $517K |
Where SETTLES 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.