MAY 163
MAY 163 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2012 to August 2026, totalling 144,317 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 $243K 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 237 barrels a month. Its strongest month on the record we hold was August 2016, at 905 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 MAY 163
- Who operates MAY 163?
- MAY 163 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is MAY 163?
- MAY 163 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08849.
- Is MAY 163 still producing?
- MAY 163 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAY 163 is August 2026.
- How much has MAY 163 produced?
- MAY 163 has reported 144,317 barrels of oil (bbl) to the Railroad Commission of Texas between November 2012 and August 2026, from 1 wellbore.
- How much is MAY 163 worth?
- The remaining production from MAY 163 is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAY 163 is a fraction of it. The estimate fits an Arps decline curve to the production MAY 163 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAY 163 is an estimate of value, not an offer and not an appraisal.
- How much income does MAY 163 generate in a year?
- MAY 163 is forecast to net about $243K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAY 163 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08849 |
| Wellbores | 1 |
| Reported production | 144,317 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where MAY 163 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.