MIDLAND AC/AF FEE 3
MIDLAND AC/AF FEE 3 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 783,452 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 $6.1M, 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 1,894 barrels a month, about 947 per wellbore. Its strongest month on the record we hold was June 2018, at 22,271 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 MIDLAND AC/AF FEE 3
- Who operates MIDLAND AC/AF FEE 3?
- MIDLAND AC/AF FEE 3 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MIDLAND AC/AF FEE 3?
- MIDLAND AC/AF FEE 3 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46868.
- Is MIDLAND AC/AF FEE 3 still producing?
- MIDLAND AC/AF FEE 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND AC/AF FEE 3 is August 2026.
- How much has MIDLAND AC/AF FEE 3 produced?
- MIDLAND AC/AF FEE 3 has reported 783,452 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 2 wellbores.
- How much is MIDLAND AC/AF FEE 3 worth?
- The remaining production from MIDLAND AC/AF FEE 3 is estimated to be worth about $6.1M in total as of 27 August 2026, within a range of $5.1M to $7.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDLAND AC/AF FEE 3 is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND AC/AF FEE 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDLAND AC/AF FEE 3 is an estimate of value, not an offer and not an appraisal.
- How much income does MIDLAND AC/AF FEE 3 generate in a year?
- MIDLAND AC/AF FEE 3 is forecast to net about $1.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDLAND AC/AF FEE 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 46868 |
| Wellbores | 2 |
| Reported production | 783,452 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.1M |
Where MIDLAND AC/AF FEE 3 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.