PAUL '23'
PAUL '23' is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 297,256 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 $1.8M, with roughly $770K 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 1,489 barrels a month. Its strongest month on the record we hold was October 2016, at 4,058 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PAUL '23'
- Who operates PAUL '23'?
- PAUL '23' is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is PAUL '23'?
- PAUL '23' is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46562.
- Is PAUL '23' still producing?
- PAUL '23' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAUL '23' is August 2026.
- How much has PAUL '23' produced?
- PAUL '23' has reported 297,256 barrels of oil (bbl) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is PAUL '23' worth?
- The remaining production from PAUL '23' is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.5M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAUL '23' is a fraction of it. The estimate fits an Arps decline curve to the production PAUL '23' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAUL '23' is an estimate of value, not an offer and not an appraisal.
- How much income does PAUL '23' generate in a year?
- PAUL '23' is forecast to net about $770K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAUL '23' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 46562 |
| Wellbores | 1 |
| Reported production | 297,256 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where PAUL '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.