MAXFIELD 38
MAXFIELD 38 is a Texas oil lease in Van Zandt County, Railroad Commission district 05, operated by Union Oil Company Of California. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 21,110 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 $113K, with roughly $21K 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 28 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was March 2024, at 67 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MAXFIELD 38
- Who operates MAXFIELD 38?
- MAXFIELD 38 is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is MAXFIELD 38?
- MAXFIELD 38 is a Texas oil lease in Van Zandt County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03243.
- Is MAXFIELD 38 still producing?
- MAXFIELD 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAXFIELD 38 is August 2026.
- How much has MAXFIELD 38 produced?
- MAXFIELD 38 has reported 21,110 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MAXFIELD 38 worth?
- The remaining production from MAXFIELD 38 is estimated to be worth about $113K in total as of 27 August 2026, within a range of $62K to $163K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAXFIELD 38 is a fraction of it. The estimate fits an Arps decline curve to the production MAXFIELD 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAXFIELD 38 is an estimate of value, not an offer and not an appraisal.
- How much income does MAXFIELD 38 generate in a year?
- MAXFIELD 38 is forecast to net about $21K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAXFIELD 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Van (Austin Chalk) |
| County | Van Zandt County, Texas |
| RRC district | 05 |
| Lease number | 03243 |
| Wellbores | 3 |
| Reported production | 21,110 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $113K |
Where MAXFIELD 38 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.