HARRELL "13"
HARRELL "13" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Petroplex Energy Inc. It has 2 wellbores on file with the Commission. Reported production runs from May 2009 to August 2026, totalling 169,490 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 $932K, with roughly $242K 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 289 barrels a month, about 145 per wellbore. Its strongest month on the record we hold was May 2020, at 2,503 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 HARRELL "13"
- Who operates HARRELL "13"?
- HARRELL "13" is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is HARRELL "13"?
- HARRELL "13" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39593.
- Is HARRELL "13" still producing?
- HARRELL "13" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HARRELL "13" is August 2026.
- How much has HARRELL "13" produced?
- HARRELL "13" has reported 169,490 barrels of oil (bbl) to the Railroad Commission of Texas between May 2009 and August 2026, from 2 wellbores.
- How much is HARRELL "13" worth?
- The remaining production from HARRELL "13" is estimated to be worth about $932K in total as of 26 August 2026, within a range of $727K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HARRELL "13" is a fraction of it. The estimate fits an Arps decline curve to the production HARRELL "13" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HARRELL "13" is an estimate of value, not an offer and not an appraisal.
- How much income does HARRELL "13" generate in a year?
- HARRELL "13" is forecast to net about $242K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HARRELL "13" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 39593 |
| Wellbores | 2 |
| Reported production | 169,490 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $932K |
Where HARRELL "13" 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.