CONNELL ESTATE
CONNELL ESTATE is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Devon Energy Corporation(Nevada). It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 481,876 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 $1.1M, with roughly $249K 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 435 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was January 2019, at 4,414 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 ESTATE
- Who operates CONNELL ESTATE?
- CONNELL ESTATE is operated by Devon Energy Corporation(Nevada), Railroad Commission of Texas operator number 216735.
- Where is CONNELL ESTATE?
- CONNELL ESTATE is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 08107.
- Is CONNELL ESTATE still producing?
- CONNELL ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONNELL ESTATE is August 2026.
- How much has CONNELL ESTATE produced?
- CONNELL ESTATE has reported 481,876 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is CONNELL ESTATE worth?
- The remaining production from CONNELL ESTATE is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $861K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONNELL ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production CONNELL ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONNELL ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does CONNELL ESTATE generate in a year?
- CONNELL ESTATE is forecast to net about $249K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CONNELL ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Corporation(Nevada) |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 08107 |
| Wellbores | 15 |
| Reported production | 481,876 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where CONNELL ESTATE 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.