VLT HOWA UNIT
VLT HOWA UNIT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 3 wellbores on file with the Commission. Reported production runs from November 2022 to August 2026, totalling 1,181,488 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 $10.9M, with roughly $6.0M 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 13,192 barrels a month, about 4,397 per wellbore. Its strongest month on the record we hold was December 2022, at 94,679 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 VLT HOWA UNIT
- Who operates VLT HOWA UNIT?
- VLT HOWA UNIT is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is VLT HOWA UNIT?
- VLT HOWA UNIT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58856.
- Is VLT HOWA UNIT still producing?
- VLT HOWA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VLT HOWA UNIT is August 2026.
- How much has VLT HOWA UNIT produced?
- VLT HOWA UNIT has reported 1,181,488 barrels of oil (bbl) to the Railroad Commission of Texas between November 2022 and August 2026, from 3 wellbores.
- How much is VLT HOWA UNIT worth?
- The remaining production from VLT HOWA UNIT is estimated to be worth about $10.9M in total as of 26 August 2026, within a range of $9.0M to $12.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VLT HOWA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production VLT HOWA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VLT HOWA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does VLT HOWA UNIT generate in a year?
- VLT HOWA UNIT is forecast to net about $6.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VLT HOWA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 58856 |
| Wellbores | 3 |
| Reported production | 1,181,488 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.9M |
Where VLT HOWA 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.