NORMA
NORMA is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Natural Gas Anadarko Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 12,476 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 $131K, with roughly $23K 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 20 barrels a month. Its strongest month on the record we hold was July 2016, at 79 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 NORMA
- Who operates NORMA?
- NORMA is operated by Natural Gas Anadarko Company, Railroad Commission of Texas operator number 600750.
- Where is NORMA?
- NORMA is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 04647.
- Is NORMA still producing?
- NORMA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORMA is August 2026.
- How much has NORMA produced?
- NORMA has reported 12,476 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is NORMA worth?
- The remaining production from NORMA is estimated to be worth about $131K in total as of 26 August 2026, within a range of $72K to $190K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORMA is a fraction of it. The estimate fits an Arps decline curve to the production NORMA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORMA is an estimate of value, not an offer and not an appraisal.
- How much income does NORMA generate in a year?
- NORMA is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NORMA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Natural Gas Anadarko Company |
|---|---|
| Field | Pshigoda, N. (Des Moines) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 04647 |
| Wellbores | 1 |
| Reported production | 12,476 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $131K |
Where NORMA 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.