CONNELL 38C
CONNELL 38C is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from June 2016 to August 2026, totalling 357,835 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 $1.2M, with roughly $384K 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 370 barrels a month. Its strongest month on the record we hold was August 2016, at 25,971 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 CONNELL 38C
- Who operates CONNELL 38C?
- CONNELL 38C is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is CONNELL 38C?
- CONNELL 38C is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19338.
- Is CONNELL 38C still producing?
- CONNELL 38C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONNELL 38C is August 2026.
- How much has CONNELL 38C produced?
- CONNELL 38C has reported 357,835 barrels of oil (bbl) to the Railroad Commission of Texas between June 2016 and August 2026, from 1 wellbore.
- How much is CONNELL 38C worth?
- The remaining production from CONNELL 38C is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $961K to $1.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONNELL 38C is a fraction of it. The estimate fits an Arps decline curve to the production CONNELL 38C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONNELL 38C is an estimate of value, not an offer and not an appraisal.
- How much income does CONNELL 38C generate in a year?
- CONNELL 38C is forecast to net about $384K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONNELL 38C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19338 |
| Wellbores | 1 |
| Reported production | 357,835 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where CONNELL 38C 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.