MIDLAND AX FEE UNIT
MIDLAND AX FEE UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 12 wellbores on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 1,523,246 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 $6.7M, with roughly $2.2M 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 2,575 barrels a month, about 215 per wellbore. Its strongest month on the record we hold was May 2016, at 65,657 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 AX FEE UNIT
- Who operates MIDLAND AX FEE UNIT?
- MIDLAND AX FEE UNIT is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MIDLAND AX FEE UNIT?
- MIDLAND AX FEE UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46591.
- Is MIDLAND AX FEE UNIT still producing?
- MIDLAND AX FEE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND AX FEE UNIT is August 2026.
- How much has MIDLAND AX FEE UNIT produced?
- MIDLAND AX FEE UNIT has reported 1,523,246 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 12 wellbores.
- How much is MIDLAND AX FEE UNIT worth?
- The remaining production from MIDLAND AX FEE UNIT is estimated to be worth about $6.7M in total as of 27 August 2026, within a range of $5.6M to $7.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDLAND AX FEE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND AX FEE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDLAND AX FEE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MIDLAND AX FEE UNIT generate in a year?
- MIDLAND AX FEE UNIT is forecast to net about $2.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDLAND AX FEE UNIT 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 | 46591 |
| Wellbores | 12 |
| Reported production | 1,523,246 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.7M |
Where MIDLAND AX FEE UNIT 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.