MIDLAND 'AV' FEE
MIDLAND 'AV' FEE is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Texaco E & P Inc. It has 21 wellbores on file with the Commission. Reported production runs from January 1997 to August 2026, totalling 1,685,445 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 $10.6M, with roughly $2.9M 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 3,667 barrels a month, about 175 per wellbore. Its strongest month on the record we hold was February 2017, at 57,622 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 'AV' FEE
- Who operates MIDLAND 'AV' FEE?
- MIDLAND 'AV' FEE is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is MIDLAND 'AV' FEE?
- MIDLAND 'AV' FEE is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 35296.
- Is MIDLAND 'AV' FEE still producing?
- MIDLAND 'AV' FEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND 'AV' FEE is August 2026.
- How much has MIDLAND 'AV' FEE produced?
- MIDLAND 'AV' FEE has reported 1,685,445 barrels of oil (bbl) to the Railroad Commission of Texas between January 1997 and August 2026, from 21 wellbores.
- How much is MIDLAND 'AV' FEE worth?
- The remaining production from MIDLAND 'AV' FEE is estimated to be worth about $10.6M in total as of 27 August 2026, within a range of $8.8M to $12.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDLAND 'AV' FEE is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND 'AV' FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDLAND 'AV' FEE is an estimate of value, not an offer and not an appraisal.
- How much income does MIDLAND 'AV' FEE generate in a year?
- MIDLAND 'AV' FEE is forecast to net about $2.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDLAND 'AV' FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 35296 |
| Wellbores | 21 |
| Reported production | 1,685,445 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.6M |
Where MIDLAND 'AV' FEE 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.