DEVON
DEVON is a Texas oil lease in Tom Green County, Railroad Commission district 7C, operated by Banner Operating, LLC. It has 8 wellbores on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 119,429 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 $1.8M, with roughly $491K 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 573 barrels a month, about 72 per wellbore. Its strongest month on the record we hold was July 2016, at 1,100 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 DEVON
- Who operates DEVON?
- DEVON is operated by Banner Operating, LLC, Railroad Commission of Texas operator number 048537.
- Where is DEVON?
- DEVON is a Texas oil lease in Tom Green County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17998.
- Is DEVON still producing?
- DEVON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEVON is August 2026.
- How much has DEVON produced?
- DEVON has reported 119,429 barrels of oil (bbl) to the Railroad Commission of Texas between September 2012 and August 2026, from 8 wellbores.
- How much is DEVON worth?
- The remaining production from DEVON is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEVON is a fraction of it. The estimate fits an Arps decline curve to the production DEVON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEVON is an estimate of value, not an offer and not an appraisal.
- How much income does DEVON generate in a year?
- DEVON is forecast to net about $491K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEVON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Banner Operating, LLC |
|---|---|
| Field | Funk (San Andres) |
| County | Tom Green County, Texas |
| RRC district | 7C |
| Lease number | 17998 |
| Wellbores | 8 |
| Reported production | 119,429 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where DEVON 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.