OXO
OXO is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Mid-Con Energy Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 85,017 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 $608K, with roughly $117K 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 148 barrels a month, about 74 per wellbore. Its strongest month on the record we hold was May 2016, at 1,359 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 OXO
- Who operates OXO?
- OXO is operated by Mid-Con Energy Operating, LLC, Railroad Commission of Texas operator number 564673.
- Where is OXO?
- OXO is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31679.
- Is OXO still producing?
- OXO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OXO is August 2026.
- How much has OXO produced?
- OXO has reported 85,017 barrels of oil (bbl) to the Railroad Commission of Texas between November 2014 and August 2026, from 2 wellbores.
- How much is OXO worth?
- The remaining production from OXO is estimated to be worth about $608K in total as of 26 August 2026, within a range of $474K to $742K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OXO is a fraction of it. The estimate fits an Arps decline curve to the production OXO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OXO is an estimate of value, not an offer and not an appraisal.
- How much income does OXO generate in a year?
- OXO is forecast to net about $117K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OXO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mid-Con Energy Operating, LLC |
|---|---|
| Field | Len Bryans (Ellenburger) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 31679 |
| Wellbores | 2 |
| Reported production | 85,017 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $608K |
Where OXO 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.