NEWELL SEC. 2
NEWELL SEC. 2 is a Texas oil lease in Shackelford County, Railroad Commission district 7B, operated by Young, Marshall R., Oil Co. It has 22 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 108,619 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 $56K, with roughly $11K 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 19 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was February 2024, 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 NEWELL SEC. 2
- Who operates NEWELL SEC. 2?
- NEWELL SEC. 2 is operated by Young, Marshall R., Oil Co., Railroad Commission of Texas operator number 949290.
- Where is NEWELL SEC. 2?
- NEWELL SEC. 2 is a Texas oil lease in Shackelford County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 03546.
- Is NEWELL SEC. 2 still producing?
- NEWELL SEC. 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEWELL SEC. 2 is August 2026.
- How much has NEWELL SEC. 2 produced?
- NEWELL SEC. 2 has reported 108,619 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 22 wellbores.
- How much is NEWELL SEC. 2 worth?
- The remaining production from NEWELL SEC. 2 is estimated to be worth about $56K in total as of 27 August 2026, within a range of $31K to $81K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEWELL SEC. 2 is a fraction of it. The estimate fits an Arps decline curve to the production NEWELL SEC. 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEWELL SEC. 2 is an estimate of value, not an offer and not an appraisal.
- How much income does NEWELL SEC. 2 generate in a year?
- NEWELL SEC. 2 is forecast to net about $11K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEWELL SEC. 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Young, Marshall R., Oil Co. |
|---|---|
| Field | Shackelford County Regular |
| County | Shackelford County, Texas |
| RRC district | 7B |
| Lease number | 03546 |
| Wellbores | 22 |
| Reported production | 108,619 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $56K |
Where NEWELL SEC. 2 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.