VIRGIL POWELL B2
VIRGIL POWELL B2 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2021 to August 2026, totalling 194,378 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 $732K 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 1,296 barrels a month. Its strongest month on the record we hold was July 2022, at 22,326 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 VIRGIL POWELL B2
- Who operates VIRGIL POWELL B2?
- VIRGIL POWELL B2 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is VIRGIL POWELL B2?
- VIRGIL POWELL B2 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21573.
- Is VIRGIL POWELL B2 still producing?
- VIRGIL POWELL B2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VIRGIL POWELL B2 is August 2026.
- How much has VIRGIL POWELL B2 produced?
- VIRGIL POWELL B2 has reported 194,378 barrels of oil (bbl) to the Railroad Commission of Texas between November 2021 and August 2026, from 1 wellbore.
- How much is VIRGIL POWELL B2 worth?
- The remaining production from VIRGIL POWELL B2 is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.2M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VIRGIL POWELL B2 is a fraction of it. The estimate fits an Arps decline curve to the production VIRGIL POWELL B2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VIRGIL POWELL B2 is an estimate of value, not an offer and not an appraisal.
- How much income does VIRGIL POWELL B2 generate in a year?
- VIRGIL POWELL B2 is forecast to net about $732K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VIRGIL POWELL B2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Pegasus (Consolidated) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 21573 |
| Wellbores | 1 |
| Reported production | 194,378 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where VIRGIL POWELL B2 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.