DAVIDSON 23C
DAVIDSON 23C is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 4 wellbores on file with the Commission. Reported production runs from February 2019 to August 2026, totalling 1,313,321 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 $10.4M, with roughly $3.2M 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 3,439 barrels a month, about 860 per wellbore. Its strongest month on the record we hold was March 2019, at 89,524 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 23C
- Who operates DAVIDSON 23C?
- DAVIDSON 23C is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is DAVIDSON 23C?
- DAVIDSON 23C is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51938.
- Is DAVIDSON 23C still producing?
- DAVIDSON 23C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DAVIDSON 23C is August 2026.
- How much has DAVIDSON 23C produced?
- DAVIDSON 23C has reported 1,313,321 barrels of oil (bbl) to the Railroad Commission of Texas between February 2019 and August 2026, from 4 wellbores.
- How much is DAVIDSON 23C worth?
- The remaining production from DAVIDSON 23C is estimated to be worth about $10.4M in total as of 26 August 2026, within a range of $8.6M to $12.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DAVIDSON 23C is a fraction of it. The estimate fits an Arps decline curve to the production DAVIDSON 23C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DAVIDSON 23C is an estimate of value, not an offer and not an appraisal.
- How much income does DAVIDSON 23C generate in a year?
- DAVIDSON 23C is forecast to net about $3.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DAVIDSON 23C 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 | 51938 |
| Wellbores | 4 |
| Reported production | 1,313,321 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.4M |
Where DAVIDSON 23C 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.