FENNELL
FENNELL is a Texas oil lease in Runnels County, Railroad Commission district 7C, operated by Cedar Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 90 barrels. The lease is intermittent. 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 $39K, 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 8 barrels a month. Its strongest month on the record we hold was August 2025, at 10 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 FENNELL
- Who operates FENNELL?
- FENNELL is operated by Cedar Oil Company, Railroad Commission of Texas operator number 140599.
- Where is FENNELL?
- FENNELL is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23234.
- Is FENNELL still producing?
- FENNELL is intermittent. The most recent month of production reported to the Railroad Commission of Texas for FENNELL is August 2026.
- How much has FENNELL produced?
- FENNELL has reported 90 barrels of oil (bbl) to the Railroad Commission of Texas between November 2023 and August 2026, from 1 wellbore.
- How much is FENNELL worth?
- The remaining production from FENNELL is estimated to be worth about $39K in total as of 26 August 2026, within a range of $0 to $78K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FENNELL is a fraction of it. The estimate fits an Arps decline curve to the production FENNELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FENNELL is an estimate of value, not an offer and not an appraisal.
- How much income does FENNELL generate in a year?
- FENNELL is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FENNELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cedar Oil Company |
|---|---|
| Field | Fennell (Stray Sand-Cisco) |
| County | Runnels County, Texas |
| RRC district | 7C |
| Lease number | 23234 |
| Wellbores | 1 |
| Reported production | 90 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $39K |
Where FENNELL 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.