MAKENNA 1
MAKENNA 1 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2025 to August 2026, totalling 116,355 barrels. The lease is intermittent. 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 $18.2M, with roughly $8.2M 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 8,924 barrels a month. Its strongest month on the record we hold was November 2025, at 27,073 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MAKENNA 1
- Who operates MAKENNA 1?
- MAKENNA 1 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is MAKENNA 1?
- MAKENNA 1 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23154.
- Is MAKENNA 1 still producing?
- MAKENNA 1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MAKENNA 1 is August 2026.
- How much has MAKENNA 1 produced?
- MAKENNA 1 has reported 116,355 barrels of oil (bbl) to the Railroad Commission of Texas between April 2025 and August 2026, from 1 wellbore.
- How much is MAKENNA 1 worth?
- The remaining production from MAKENNA 1 is estimated to be worth about $18.2M in total as of 26 August 2026, within a range of $15.1M to $21.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAKENNA 1 is a fraction of it. The estimate fits an Arps decline curve to the production MAKENNA 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAKENNA 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MAKENNA 1 generate in a year?
- MAKENNA 1 is forecast to net about $8.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAKENNA 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 23154 |
| Wellbores | 1 |
| Reported production | 116,355 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18.2M |
Where MAKENNA 1 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.