WILLARD 48 UNIT
WILLARD 48 UNIT is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Devon Energy Production Co, L.P. It has 6 wellbores on file with the Commission. Reported production runs from July 2003 to August 2026, totalling 202,126 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 $944K, with roughly $182K 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 252 barrels a month, about 42 per wellbore. Its strongest month on the record we hold was July 2019, at 521 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 WILLARD 48 UNIT
- Who operates WILLARD 48 UNIT?
- WILLARD 48 UNIT is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is WILLARD 48 UNIT?
- WILLARD 48 UNIT is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68619.
- Is WILLARD 48 UNIT still producing?
- WILLARD 48 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WILLARD 48 UNIT is August 2026.
- How much has WILLARD 48 UNIT produced?
- WILLARD 48 UNIT has reported 202,126 barrels of oil (bbl) to the Railroad Commission of Texas between July 2003 and August 2026, from 6 wellbores.
- How much is WILLARD 48 UNIT worth?
- The remaining production from WILLARD 48 UNIT is estimated to be worth about $944K in total as of 26 August 2026, within a range of $736K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WILLARD 48 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WILLARD 48 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WILLARD 48 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WILLARD 48 UNIT generate in a year?
- WILLARD 48 UNIT is forecast to net about $182K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WILLARD 48 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Wellman, W. (San Andres) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 68619 |
| Wellbores | 6 |
| Reported production | 202,126 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $944K |
Where WILLARD 48 UNIT 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.