HOWARD '26'
HOWARD '26' is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 1 wellbore on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 28,173 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 $368K, with roughly $65K 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 74 barrels a month. Its strongest month on the record we hold was March 2022, at 834 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 HOWARD '26'
- Who operates HOWARD '26'?
- HOWARD '26' is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is HOWARD '26'?
- HOWARD '26' is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42768.
- Is HOWARD '26' still producing?
- HOWARD '26' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOWARD '26' is August 2026.
- How much has HOWARD '26' produced?
- HOWARD '26' has reported 28,173 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is HOWARD '26' worth?
- The remaining production from HOWARD '26' is estimated to be worth about $368K in total as of 26 August 2026, within a range of $202K to $533K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOWARD '26' is a fraction of it. The estimate fits an Arps decline curve to the production HOWARD '26' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOWARD '26' is an estimate of value, not an offer and not an appraisal.
- How much income does HOWARD '26' generate in a year?
- HOWARD '26' is forecast to net about $65K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOWARD '26' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Energy Resources L.P. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 42768 |
| Wellbores | 1 |
| Reported production | 28,173 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $368K |
Where HOWARD '26' 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.