BLACKWELL
BLACKWELL is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Ful-Hill Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 95,140 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 $536K, with roughly $99K 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 138 barrels a month. Its strongest month on the record we hold was February 2019, at 270 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 BLACKWELL
- Who operates BLACKWELL?
- BLACKWELL is operated by Ful-Hill Oil & Gas, Inc., Railroad Commission of Texas operator number 288490.
- Where is BLACKWELL?
- BLACKWELL is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 12972.
- Is BLACKWELL still producing?
- BLACKWELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACKWELL is August 2026.
- How much has BLACKWELL produced?
- BLACKWELL has reported 95,140 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BLACKWELL worth?
- The remaining production from BLACKWELL is estimated to be worth about $536K in total as of 26 August 2026, within a range of $418K to $654K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACKWELL is a fraction of it. The estimate fits an Arps decline curve to the production BLACKWELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACKWELL is an estimate of value, not an offer and not an appraisal.
- How much income does BLACKWELL generate in a year?
- BLACKWELL is forecast to net about $99K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BLACKWELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ful-Hill Oil & Gas, Inc. |
|---|---|
| Field | Fulton-Forgotson (Pettit) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 12972 |
| Wellbores | 1 |
| Reported production | 95,140 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $536K |
Where BLACKWELL 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.