NEWMAN 1039
NEWMAN 1039 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 February 2019 to August 2026, totalling 14,228 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 $574K, with roughly $93K 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 March 2019, at 849 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 NEWMAN 1039
- Who operates NEWMAN 1039?
- NEWMAN 1039 is operated by Hadaway Consult And Engineer,LLC, Railroad Commission of Texas operator number 342392.
- Where is NEWMAN 1039?
- NEWMAN 1039 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09681.
- Is NEWMAN 1039 still producing?
- NEWMAN 1039 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEWMAN 1039 is August 2026.
- How much has NEWMAN 1039 produced?
- NEWMAN 1039 has reported 14,228 barrels of oil (bbl) to the Railroad Commission of Texas between February 2019 and August 2026, from 1 wellbore.
- How much is NEWMAN 1039 worth?
- The remaining production from NEWMAN 1039 is estimated to be worth about $574K in total as of 27 August 2026, within a range of $315K to $832K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEWMAN 1039 is a fraction of it. The estimate fits an Arps decline curve to the production NEWMAN 1039 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEWMAN 1039 is an estimate of value, not an offer and not an appraisal.
- How much income does NEWMAN 1039 generate in a year?
- NEWMAN 1039 is forecast to net about $93K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEWMAN 1039 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 | 09681 |
| Wellbores | 1 |
| Reported production | 14,228 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $574K |
Where NEWMAN 1039 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.