OLLIE CULWELL
OLLIE CULWELL is a Texas oil lease in Wise County, Railroad Commission district 7B, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 54,524 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 $358K, with roughly $63K 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 116 barrels a month. Its strongest month on the record we hold was September 2016, at 443 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 OLLIE CULWELL
- Who operates OLLIE CULWELL?
- OLLIE CULWELL is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is OLLIE CULWELL?
- OLLIE CULWELL is a Texas oil lease in Wise County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31186.
- Is OLLIE CULWELL still producing?
- OLLIE CULWELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLLIE CULWELL is August 2026.
- How much has OLLIE CULWELL produced?
- OLLIE CULWELL has reported 54,524 barrels of oil (bbl) to the Railroad Commission of Texas between March 2013 and August 2026, from 1 wellbore.
- How much is OLLIE CULWELL worth?
- The remaining production from OLLIE CULWELL is estimated to be worth about $358K in total as of 27 August 2026, within a range of $279K to $437K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLLIE CULWELL is a fraction of it. The estimate fits an Arps decline curve to the production OLLIE CULWELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLLIE CULWELL is an estimate of value, not an offer and not an appraisal.
- How much income does OLLIE CULWELL generate in a year?
- OLLIE CULWELL is forecast to net about $63K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OLLIE CULWELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Cal-Tex (Strawn) |
| County | Wise County, Texas |
| RRC district | 7B |
| Lease number | 31186 |
| Wellbores | 1 |
| Reported production | 54,524 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $358K |
Where OLLIE CULWELL 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.