NORVELL
NORVELL is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Thomas, M.A. Oil Associates. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,938 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 $21K, with roughly $4K 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 10 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was May 2018, at 82 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 NORVELL
- Who operates NORVELL?
- NORVELL is operated by Thomas, M.A. Oil Associates, Railroad Commission of Texas operator number 854195.
- Where is NORVELL?
- NORVELL is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28107.
- Is NORVELL still producing?
- NORVELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORVELL is August 2026.
- How much has NORVELL produced?
- NORVELL has reported 16,938 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is NORVELL worth?
- The remaining production from NORVELL is estimated to be worth about $21K in total as of 26 August 2026, within a range of $11K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORVELL is a fraction of it. The estimate fits an Arps decline curve to the production NORVELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORVELL is an estimate of value, not an offer and not an appraisal.
- How much income does NORVELL generate in a year?
- NORVELL is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NORVELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thomas, M.A. Oil Associates |
|---|---|
| Field | Trans (Caddo Conglomerate) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 28107 |
| Wellbores | 2 |
| Reported production | 16,938 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21K |
Where NORVELL 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.