MURJO 34-223 UNIT 1
MURJO 34-223 UNIT 1 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Anadarko E&P Onshore LLC. It has 3 wellbores on file with the Commission. Reported production runs from November 2016 to August 2026, totalling 345,459 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 $1.5M, with roughly $489K 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 1,407 barrels a month, about 469 per wellbore. Its strongest month on the record we hold was December 2019, at 6,616 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 MURJO 34-223 UNIT 1
- Who operates MURJO 34-223 UNIT 1?
- MURJO 34-223 UNIT 1 is operated by Anadarko E&P Onshore LLC, Railroad Commission of Texas operator number 020528.
- Where is MURJO 34-223 UNIT 1?
- MURJO 34-223 UNIT 1 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48307.
- Is MURJO 34-223 UNIT 1 still producing?
- MURJO 34-223 UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MURJO 34-223 UNIT 1 is August 2026.
- How much has MURJO 34-223 UNIT 1 produced?
- MURJO 34-223 UNIT 1 has reported 345,459 barrels of oil (bbl) to the Railroad Commission of Texas between November 2016 and August 2026, from 3 wellbores.
- How much is MURJO 34-223 UNIT 1 worth?
- The remaining production from MURJO 34-223 UNIT 1 is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.3M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MURJO 34-223 UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production MURJO 34-223 UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MURJO 34-223 UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MURJO 34-223 UNIT 1 generate in a year?
- MURJO 34-223 UNIT 1 is forecast to net about $489K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MURJO 34-223 UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Onshore LLC |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 48307 |
| Wellbores | 3 |
| Reported production | 345,459 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where MURJO 34-223 UNIT 1 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.