TEXACO 23
TEXACO 23 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Miltex Oil Company. It has 4 wellbores on file with the Commission. Reported production runs from November 1999 to August 2026, totalling 27,066 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 $70K, with roughly $10K 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 12 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was June 2019, at 212 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 TEXACO 23
- Who operates TEXACO 23?
- TEXACO 23 is operated by Miltex Oil Company, Railroad Commission of Texas operator number 569415.
- Where is TEXACO 23?
- TEXACO 23 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36240.
- Is TEXACO 23 still producing?
- TEXACO 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEXACO 23 is August 2026.
- How much has TEXACO 23 produced?
- TEXACO 23 has reported 27,066 barrels of oil (bbl) to the Railroad Commission of Texas between November 1999 and August 2026, from 4 wellbores.
- How much is TEXACO 23 worth?
- The remaining production from TEXACO 23 is estimated to be worth about $70K in total as of 26 August 2026, within a range of $39K to $102K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEXACO 23 is a fraction of it. The estimate fits an Arps decline curve to the production TEXACO 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEXACO 23 is an estimate of value, not an offer and not an appraisal.
- How much income does TEXACO 23 generate in a year?
- TEXACO 23 is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEXACO 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Miltex Oil Company |
|---|---|
| Field | Signal Peak (Wolfcamp) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 36240 |
| Wellbores | 4 |
| Reported production | 27,066 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $70K |
Where TEXACO 23 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.