MCHANEY
MCHANEY is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by P. L. O. It has 2 wellbores on file with the Commission. Reported production runs from January 2008 to August 2026, totalling 70,007 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 $860K, with roughly $165K 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 210 barrels a month, about 105 per wellbore. Its strongest month on the record we hold was August 2016, at 528 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 MCHANEY
- Who operates MCHANEY?
- MCHANEY is operated by P. L. O., Railroad Commission of Texas operator number 631498.
- Where is MCHANEY?
- MCHANEY is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69426.
- Is MCHANEY still producing?
- MCHANEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCHANEY is August 2026.
- How much has MCHANEY produced?
- MCHANEY has reported 70,007 barrels of oil (bbl) to the Railroad Commission of Texas between January 2008 and August 2026, from 2 wellbores.
- How much is MCHANEY worth?
- The remaining production from MCHANEY is estimated to be worth about $860K in total as of 26 August 2026, within a range of $671K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCHANEY is a fraction of it. The estimate fits an Arps decline curve to the production MCHANEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCHANEY is an estimate of value, not an offer and not an appraisal.
- How much income does MCHANEY generate in a year?
- MCHANEY is forecast to net about $165K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCHANEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | P. L. O. |
|---|---|
| Field | Hermleigh (Strawn) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 69426 |
| Wellbores | 2 |
| Reported production | 70,007 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $860K |
Where MCHANEY 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.