POWELL, R. V. ETAL
POWELL, R. V. ETAL is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 30 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 605,691 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 $1.1M, with roughly $245K 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 485 barrels a month, about 16 per wellbore. Its strongest month on the record we hold was October 2016, at 5,043 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 POWELL, R. V. ETAL
- Who operates POWELL, R. V. ETAL?
- POWELL, R. V. ETAL is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is POWELL, R. V. ETAL?
- POWELL, R. V. ETAL is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 06652.
- Is POWELL, R. V. ETAL still producing?
- POWELL, R. V. ETAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL, R. V. ETAL is August 2026.
- How much has POWELL, R. V. ETAL produced?
- POWELL, R. V. ETAL has reported 605,691 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 30 wellbores.
- How much is POWELL, R. V. ETAL worth?
- The remaining production from POWELL, R. V. ETAL is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $856K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL, R. V. ETAL is a fraction of it. The estimate fits an Arps decline curve to the production POWELL, R. V. ETAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL, R. V. ETAL is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL, R. V. ETAL generate in a year?
- POWELL, R. V. ETAL is forecast to net about $245K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POWELL, R. V. ETAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 06652 |
| Wellbores | 30 |
| Reported production | 605,691 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where POWELL, R. V. ETAL 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.