DIVIDE DRAW Z
DIVIDE DRAW Z is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Discovery Natural Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2018 to August 2026, totalling 258,039 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 $3.5M, with roughly $880K 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 991 barrels a month. Its strongest month on the record we hold was August 2018, at 19,310 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 DIVIDE DRAW Z
- Who operates DIVIDE DRAW Z?
- DIVIDE DRAW Z is operated by Discovery Natural Resources LLC, Railroad Commission of Texas operator number 220855.
- Where is DIVIDE DRAW Z?
- DIVIDE DRAW Z is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19973.
- Is DIVIDE DRAW Z still producing?
- DIVIDE DRAW Z is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DIVIDE DRAW Z is August 2026.
- How much has DIVIDE DRAW Z produced?
- DIVIDE DRAW Z has reported 258,039 barrels of oil (bbl) to the Railroad Commission of Texas between April 2018 and August 2026, from 1 wellbore.
- How much is DIVIDE DRAW Z worth?
- The remaining production from DIVIDE DRAW Z is estimated to be worth about $3.5M in total as of 27 August 2026, within a range of $2.8M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DIVIDE DRAW Z is a fraction of it. The estimate fits an Arps decline curve to the production DIVIDE DRAW Z has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DIVIDE DRAW Z is an estimate of value, not an offer and not an appraisal.
- How much income does DIVIDE DRAW Z generate in a year?
- DIVIDE DRAW Z is forecast to net about $880K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DIVIDE DRAW Z receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Discovery Natural Resources LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 19973 |
| Wellbores | 1 |
| Reported production | 258,039 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where DIVIDE DRAW Z 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.