SHOVELHEAD 10-21
SHOVELHEAD 10-21 is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Ogx Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2013 to August 2026, totalling 39,407 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 $242K, with roughly $45K 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 71 barrels a month. Its strongest month on the record we hold was May 2016, at 419 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 SHOVELHEAD 10-21
- Who operates SHOVELHEAD 10-21?
- SHOVELHEAD 10-21 is operated by Ogx Operating, LLC, Railroad Commission of Texas operator number 617106.
- Where is SHOVELHEAD 10-21?
- SHOVELHEAD 10-21 is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44650.
- Is SHOVELHEAD 10-21 still producing?
- SHOVELHEAD 10-21 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SHOVELHEAD 10-21 is August 2026.
- How much has SHOVELHEAD 10-21 produced?
- SHOVELHEAD 10-21 has reported 39,407 barrels of oil (bbl) to the Railroad Commission of Texas between August 2013 and August 2026, from 1 wellbore.
- How much is SHOVELHEAD 10-21 worth?
- The remaining production from SHOVELHEAD 10-21 is estimated to be worth about $242K in total as of 27 August 2026, within a range of $133K to $352K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SHOVELHEAD 10-21 is a fraction of it. The estimate fits an Arps decline curve to the production SHOVELHEAD 10-21 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SHOVELHEAD 10-21 is an estimate of value, not an offer and not an appraisal.
- How much income does SHOVELHEAD 10-21 generate in a year?
- SHOVELHEAD 10-21 is forecast to net about $45K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SHOVELHEAD 10-21 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ogx Operating, LLC |
|---|---|
| Field | F. A. Hogg (Penn Detrital) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 44650 |
| Wellbores | 1 |
| Reported production | 39,407 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $242K |
Where SHOVELHEAD 10-21 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.