ANGIE
ANGIE is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Summit Petroleum LLC. It has 7 wellbores on file with the Commission. Reported production runs from August 2009 to August 2026, totalling 319,214 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 $396K, with roughly $75K 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 93 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was March 2017, at 1,235 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 ANGIE
- Who operates ANGIE?
- ANGIE is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is ANGIE?
- ANGIE is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39683.
- Is ANGIE still producing?
- ANGIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ANGIE is August 2026.
- How much has ANGIE produced?
- ANGIE has reported 319,214 barrels of oil (bbl) to the Railroad Commission of Texas between August 2009 and August 2026, from 7 wellbores.
- How much is ANGIE worth?
- The remaining production from ANGIE is estimated to be worth about $396K in total as of 26 August 2026, within a range of $218K to $575K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ANGIE is a fraction of it. The estimate fits an Arps decline curve to the production ANGIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ANGIE is an estimate of value, not an offer and not an appraisal.
- How much income does ANGIE generate in a year?
- ANGIE is forecast to net about $75K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ANGIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 39683 |
| Wellbores | 7 |
| Reported production | 319,214 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $396K |
Where ANGIE 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.