MCDANIEL
MCDANIEL is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 199,007 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 $735K, with roughly $164K 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 253 barrels a month. Its strongest month on the record we hold was November 2016, at 415 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 MCDANIEL
- Who operates MCDANIEL?
- MCDANIEL is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is MCDANIEL?
- MCDANIEL is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 11697.
- Is MCDANIEL still producing?
- MCDANIEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCDANIEL is August 2026.
- How much has MCDANIEL produced?
- MCDANIEL has reported 199,007 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MCDANIEL worth?
- The remaining production from MCDANIEL is estimated to be worth about $735K in total as of 26 August 2026, within a range of $573K to $897K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCDANIEL is a fraction of it. The estimate fits an Arps decline curve to the production MCDANIEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCDANIEL is an estimate of value, not an offer and not an appraisal.
- How much income does MCDANIEL generate in a year?
- MCDANIEL is forecast to net about $164K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCDANIEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Alba (Smackover) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 11697 |
| Wellbores | 1 |
| Reported production | 199,007 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $735K |
Where MCDANIEL 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.