DAVIDSON 23X
DAVIDSON 23X is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 2 wellbores on file with the Commission. Reported production runs from May 2021 to August 2026, totalling 580,574 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 $3.0M, with roughly $1.4M 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 2,112 barrels a month, about 1,056 per wellbore. Its strongest month on the record we hold was October 2021, at 63,049 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 23X
- Who operates DAVIDSON 23X?
- DAVIDSON 23X is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is DAVIDSON 23X?
- DAVIDSON 23X is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56084.
- Is DAVIDSON 23X still producing?
- DAVIDSON 23X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DAVIDSON 23X is August 2026.
- How much has DAVIDSON 23X produced?
- DAVIDSON 23X has reported 580,574 barrels of oil (bbl) to the Railroad Commission of Texas between May 2021 and August 2026, from 2 wellbores.
- How much is DAVIDSON 23X worth?
- The remaining production from DAVIDSON 23X is estimated to be worth about $3.0M in total as of 27 August 2026, within a range of $2.5M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DAVIDSON 23X is a fraction of it. The estimate fits an Arps decline curve to the production DAVIDSON 23X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DAVIDSON 23X is an estimate of value, not an offer and not an appraisal.
- How much income does DAVIDSON 23X generate in a year?
- DAVIDSON 23X is forecast to net about $1.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DAVIDSON 23X receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 56084 |
| Wellbores | 2 |
| Reported production | 580,574 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where DAVIDSON 23X 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.