WELCH NORTHEAST UNIT
WELCH NORTHEAST UNIT is a Texas oil lease in Lynn County, Railroad Commission district 8A, operated by Pennzoil Petroleum Company. It has 41 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 724,341 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 $1.2M, with roughly $275K 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 527 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was May 2016, at 1,405 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 WELCH NORTHEAST UNIT
- Who operates WELCH NORTHEAST UNIT?
- WELCH NORTHEAST UNIT is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is WELCH NORTHEAST UNIT?
- WELCH NORTHEAST UNIT is a Texas oil lease in Lynn County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60301.
- Is WELCH NORTHEAST UNIT still producing?
- WELCH NORTHEAST UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WELCH NORTHEAST UNIT is August 2026.
- How much has WELCH NORTHEAST UNIT produced?
- WELCH NORTHEAST UNIT has reported 724,341 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 41 wellbores.
- How much is WELCH NORTHEAST UNIT worth?
- The remaining production from WELCH NORTHEAST UNIT is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $944K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WELCH NORTHEAST UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WELCH NORTHEAST UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WELCH NORTHEAST UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WELCH NORTHEAST UNIT generate in a year?
- WELCH NORTHEAST UNIT is forecast to net about $275K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WELCH NORTHEAST UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Welch |
| County | Lynn County, Texas |
| RRC district | 8A |
| Lease number | 60301 |
| Wellbores | 41 |
| Reported production | 724,341 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where WELCH NORTHEAST UNIT 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.