POWELL "31"
POWELL "31" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 16 wellbores on file with the Commission. Reported production runs from July 2010 to August 2026, totalling 909,735 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 $4.1M, with roughly $1.4M 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 2,056 barrels a month, about 128 per wellbore. Its strongest month on the record we hold was December 2017, at 6,925 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 POWELL "31"
- Who operates POWELL "31"?
- POWELL "31" is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is POWELL "31"?
- POWELL "31" is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17228.
- Is POWELL "31" still producing?
- POWELL "31" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL "31" is August 2026.
- How much has POWELL "31" produced?
- POWELL "31" has reported 909,735 barrels of oil (bbl) to the Railroad Commission of Texas between July 2010 and August 2026, from 16 wellbores.
- How much is POWELL "31" worth?
- The remaining production from POWELL "31" is estimated to be worth about $4.1M in total as of 26 August 2026, within a range of $3.4M to $4.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL "31" is a fraction of it. The estimate fits an Arps decline curve to the production POWELL "31" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL "31" is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL "31" generate in a year?
- POWELL "31" is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POWELL "31" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 17228 |
| Wellbores | 16 |
| Reported production | 909,735 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where POWELL "31" 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.