LEONA-HOWARD (ALLOCATION)
LEONA-HOWARD (ALLOCATION) is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Vess Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 114,591 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 $1.9M, with roughly $773K 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 1,342 barrels a month. Its strongest month on the record we hold was October 2022, at 10,435 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 LEONA-HOWARD (ALLOCATION)
- Who operates LEONA-HOWARD (ALLOCATION)?
- LEONA-HOWARD (ALLOCATION) is operated by Vess Oil Corporation, Railroad Commission of Texas operator number 884750.
- Where is LEONA-HOWARD (ALLOCATION)?
- LEONA-HOWARD (ALLOCATION) is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28003.
- Is LEONA-HOWARD (ALLOCATION) still producing?
- LEONA-HOWARD (ALLOCATION) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEONA-HOWARD (ALLOCATION) is August 2026.
- How much has LEONA-HOWARD (ALLOCATION) produced?
- LEONA-HOWARD (ALLOCATION) has reported 114,591 barrels of oil (bbl) to the Railroad Commission of Texas between September 2022 and August 2026, from 1 wellbore.
- How much is LEONA-HOWARD (ALLOCATION) worth?
- The remaining production from LEONA-HOWARD (ALLOCATION) is estimated to be worth about $1.9M in total as of 26 August 2026, within a range of $1.6M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEONA-HOWARD (ALLOCATION) is a fraction of it. The estimate fits an Arps decline curve to the production LEONA-HOWARD (ALLOCATION) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEONA-HOWARD (ALLOCATION) is an estimate of value, not an offer and not an appraisal.
- How much income does LEONA-HOWARD (ALLOCATION) generate in a year?
- LEONA-HOWARD (ALLOCATION) is forecast to net about $773K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEONA-HOWARD (ALLOCATION) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vess Oil Corporation |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 28003 |
| Wellbores | 1 |
| Reported production | 114,591 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where LEONA-HOWARD (ALLOCATION) 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.