DENISE
DENISE is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Henry Resources LLC. It has 17 wellbores on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 4,896,403 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 $32.5M, with roughly $9.0M 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 13,242 barrels a month, about 779 per wellbore. Its strongest month on the record we hold was March 2018, at 170,864 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 DENISE
- Who operates DENISE?
- DENISE is operated by Henry Resources LLC, Railroad Commission of Texas operator number 378535.
- Where is DENISE?
- DENISE is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45874.
- Is DENISE still producing?
- DENISE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DENISE is August 2026.
- How much has DENISE produced?
- DENISE has reported 4,896,403 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 17 wellbores.
- How much is DENISE worth?
- The remaining production from DENISE is estimated to be worth about $32.5M in total as of 27 August 2026, within a range of $26.6M to $38.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DENISE is a fraction of it. The estimate fits an Arps decline curve to the production DENISE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DENISE is an estimate of value, not an offer and not an appraisal.
- How much income does DENISE generate in a year?
- DENISE is forecast to net about $9.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DENISE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Resources LLC |
|---|---|
| Field | Parks (Consolidated) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 45874 |
| Wellbores | 17 |
| Reported production | 4,896,403 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $32.5M |
Where DENISE 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.