O'NEAL HEIRS
O'NEAL HEIRS is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Poteet Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 5,757 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 $40K, with roughly $8K 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 13 barrels a month. Its strongest month on the record we hold was January 2018, at 51 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 O'NEAL HEIRS
- Who operates O'NEAL HEIRS?
- O'NEAL HEIRS is operated by Poteet Operating Co., Railroad Commission of Texas operator number 672315.
- Where is O'NEAL HEIRS?
- O'NEAL HEIRS is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 23810.
- Is O'NEAL HEIRS still producing?
- O'NEAL HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for O'NEAL HEIRS is August 2026.
- How much has O'NEAL HEIRS produced?
- O'NEAL HEIRS has reported 5,757 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is O'NEAL HEIRS worth?
- The remaining production from O'NEAL HEIRS is estimated to be worth about $40K in total as of 27 August 2026, within a range of $22K to $58K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in O'NEAL HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production O'NEAL HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for O'NEAL HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does O'NEAL HEIRS generate in a year?
- O'NEAL HEIRS is forecast to net about $8K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in O'NEAL HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Poteet Operating Co. |
|---|---|
| Field | Wes Poteet (Granite Wash 2670) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 23810 |
| Wellbores | 1 |
| Reported production | 5,757 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $40K |
Where O'NEAL HEIRS 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.