DAVIDSON 23B
DAVIDSON 23B is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 3 wellbores on file with the Commission. Reported production runs from February 2019 to August 2026, totalling 682,375 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 $3.7M, with roughly $1.3M 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 1,028 barrels a month, about 343 per wellbore. Its strongest month on the record we hold was April 2019, at 74,826 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 DAVIDSON 23B
- Who operates DAVIDSON 23B?
- DAVIDSON 23B is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is DAVIDSON 23B?
- DAVIDSON 23B is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51937.
- Is DAVIDSON 23B still producing?
- DAVIDSON 23B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DAVIDSON 23B is August 2026.
- How much has DAVIDSON 23B produced?
- DAVIDSON 23B has reported 682,375 barrels of oil (bbl) to the Railroad Commission of Texas between February 2019 and August 2026, from 3 wellbores.
- How much is DAVIDSON 23B worth?
- The remaining production from DAVIDSON 23B is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $3.1M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DAVIDSON 23B is a fraction of it. The estimate fits an Arps decline curve to the production DAVIDSON 23B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DAVIDSON 23B is an estimate of value, not an offer and not an appraisal.
- How much income does DAVIDSON 23B generate in a year?
- DAVIDSON 23B is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DAVIDSON 23B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 51937 |
| Wellbores | 3 |
| Reported production | 682,375 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where DAVIDSON 23B 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.