AKERS 1070
AKERS 1070 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Hadaway Consult And Engineer,LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2017 to August 2026, totalling 23,327 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 $860K, with roughly $136K 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 109 barrels a month. Its strongest month on the record we hold was November 2017, at 1,804 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 AKERS 1070
- Who operates AKERS 1070?
- AKERS 1070 is operated by Hadaway Consult And Engineer,LLC, Railroad Commission of Texas operator number 342392.
- Where is AKERS 1070?
- AKERS 1070 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09562.
- Is AKERS 1070 still producing?
- AKERS 1070 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AKERS 1070 is August 2026.
- How much has AKERS 1070 produced?
- AKERS 1070 has reported 23,327 barrels of oil (bbl) to the Railroad Commission of Texas between October 2017 and August 2026, from 1 wellbore.
- How much is AKERS 1070 worth?
- The remaining production from AKERS 1070 is estimated to be worth about $860K in total as of 26 August 2026, within a range of $671K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AKERS 1070 is a fraction of it. The estimate fits an Arps decline curve to the production AKERS 1070 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AKERS 1070 is an estimate of value, not an offer and not an appraisal.
- How much income does AKERS 1070 generate in a year?
- AKERS 1070 is forecast to net about $136K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AKERS 1070 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hadaway Consult And Engineer,LLC |
|---|---|
| Field | Kiowa Creek (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09562 |
| Wellbores | 1 |
| Reported production | 23,327 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $860K |
Where AKERS 1070 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.