DOW
DOW is a Texas oil lease in Lavaca County, Railroad Commission district 02, operated by Howard Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2004 to August 2026, totalling 70,522 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 $97K, with roughly $19K 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 77 barrels a month. Its strongest month on the record we hold was December 2022, at 378 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 DOW
- Who operates DOW?
- DOW is operated by Howard Exploration, Inc., Railroad Commission of Texas operator number 405950.
- Where is DOW?
- DOW is a Texas oil lease in Lavaca County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 08863.
- Is DOW still producing?
- DOW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DOW is August 2026.
- How much has DOW produced?
- DOW has reported 70,522 barrels of oil (bbl) to the Railroad Commission of Texas between February 2004 and August 2026, from 1 wellbore.
- How much is DOW worth?
- The remaining production from DOW is estimated to be worth about $97K in total as of 26 August 2026, within a range of $53K to $140K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DOW is a fraction of it. The estimate fits an Arps decline curve to the production DOW has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DOW is an estimate of value, not an offer and not an appraisal.
- How much income does DOW generate in a year?
- DOW is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DOW receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Howard Exploration, Inc. |
|---|---|
| Field | Provident City, Ne. (5625 Lower) |
| County | Lavaca County, Texas |
| RRC district | 02 |
| Lease number | 08863 |
| Wellbores | 1 |
| Reported production | 70,522 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $97K |
Where DOW 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.