RACHEAL 46
RACHEAL 46 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 January 2023 to August 2026, totalling 286,454 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 $1.4M, with roughly $930K 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 1,873 barrels a month. Its strongest month on the record we hold was August 2023, at 31,415 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 RACHEAL 46
- Who operates RACHEAL 46?
- RACHEAL 46 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is RACHEAL 46?
- RACHEAL 46 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22091.
- Is RACHEAL 46 still producing?
- RACHEAL 46 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RACHEAL 46 is August 2026.
- How much has RACHEAL 46 produced?
- RACHEAL 46 has reported 286,454 barrels of oil (bbl) to the Railroad Commission of Texas between January 2023 and August 2026, from 1 wellbore.
- How much is RACHEAL 46 worth?
- The remaining production from RACHEAL 46 is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.2M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RACHEAL 46 is a fraction of it. The estimate fits an Arps decline curve to the production RACHEAL 46 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RACHEAL 46 is an estimate of value, not an offer and not an appraisal.
- How much income does RACHEAL 46 generate in a year?
- RACHEAL 46 is forecast to net about $930K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RACHEAL 46 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 | 22091 |
| Wellbores | 1 |
| Reported production | 286,454 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where RACHEAL 46 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.