POWELL "34"
POWELL "34" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cox, John L. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 192,333 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 $693K, with roughly $156K 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 265 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was July 2016, at 456 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 POWELL "34"
- Who operates POWELL "34"?
- POWELL "34" is operated by Cox, John L., Railroad Commission of Texas operator number 185980.
- Where is POWELL "34"?
- POWELL "34" is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 09298.
- Is POWELL "34" still producing?
- POWELL "34" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POWELL "34" is August 2026.
- How much has POWELL "34" produced?
- POWELL "34" has reported 192,333 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is POWELL "34" worth?
- The remaining production from POWELL "34" is estimated to be worth about $693K in total as of 26 August 2026, within a range of $540K to $845K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL "34" is a fraction of it. The estimate fits an Arps decline curve to the production POWELL "34" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL "34" is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL "34" generate in a year?
- POWELL "34" is forecast to net about $156K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POWELL "34" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cox, John L. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 09298 |
| Wellbores | 4 |
| Reported production | 192,333 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $693K |
Where POWELL "34" 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.