POWELL RANCH "24"
POWELL RANCH "24" is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cox, John L. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 399,129 barrels. The lease is shut in. 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 $592K, with roughly $109K 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 457 barrels a month, about 65 per wellbore. Its strongest month on the record we hold was April 2018, at 2,871 barrels.
Key facts about POWELL RANCH "24"
- Who operates POWELL RANCH "24"?
- POWELL RANCH "24" is operated by Cox, John L., Railroad Commission of Texas operator number 185980.
- Where is POWELL RANCH "24"?
- POWELL RANCH "24" is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 10652.
- Is POWELL RANCH "24" still producing?
- POWELL RANCH "24" is shut in. The most recent month of production reported to the Railroad Commission of Texas for POWELL RANCH "24" is August 2026.
- How much has POWELL RANCH "24" produced?
- POWELL RANCH "24" has reported 399,129 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is POWELL RANCH "24" worth?
- The remaining production from POWELL RANCH "24" is estimated to be worth about $592K in total as of 27 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POWELL RANCH "24" is a fraction of it. The estimate fits an Arps decline curve to the production POWELL RANCH "24" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POWELL RANCH "24" is an estimate of value, not an offer and not an appraisal.
- How much income does POWELL RANCH "24" generate in a year?
- POWELL RANCH "24" is forecast to net about $109K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POWELL RANCH "24" 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 | 10652 |
| Wellbores | 7 |
| Reported production | 399,129 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $592K |
Where POWELL RANCH "24" 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.