OLDHAM
OLDHAM is a Texas oil lease in Midland County, Railroad Commission district 08, operated by E.G.L. Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2014 to August 2026, totalling 31,857 barrels. The lease is intermittent. 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 $11K, with roughly $2K 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 11 barrels a month. Its strongest month on the record we hold was August 2019, at 540 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 OLDHAM
- Who operates OLDHAM?
- OLDHAM is operated by E.G.L. Resources, Inc., Railroad Commission of Texas operator number 238522.
- Where is OLDHAM?
- OLDHAM is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45747.
- Is OLDHAM still producing?
- OLDHAM is intermittent. The most recent month of production reported to the Railroad Commission of Texas for OLDHAM is August 2026.
- How much has OLDHAM produced?
- OLDHAM has reported 31,857 barrels of oil (bbl) to the Railroad Commission of Texas between June 2014 and August 2026, from 1 wellbore.
- How much is OLDHAM worth?
- The remaining production from OLDHAM is estimated to be worth about $11K in total as of 27 August 2026, within a range of $6K to $16K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLDHAM is a fraction of it. The estimate fits an Arps decline curve to the production OLDHAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLDHAM is an estimate of value, not an offer and not an appraisal.
- How much income does OLDHAM generate in a year?
- OLDHAM is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OLDHAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | E.G.L. Resources, Inc. |
|---|---|
| Field | Azalea (San Andres) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 45747 |
| Wellbores | 1 |
| Reported production | 31,857 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11K |
Where OLDHAM 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.