TILLER, FLOYD
TILLER, FLOYD is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Base Petroleum. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 7,589 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 $86K, with roughly $17K 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 22 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was July 2021, at 91 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 TILLER, FLOYD
- Who operates TILLER, FLOYD?
- TILLER, FLOYD is operated by Base Petroleum, Railroad Commission of Texas operator number 054080.
- Where is TILLER, FLOYD?
- TILLER, FLOYD is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 02968.
- Is TILLER, FLOYD still producing?
- TILLER, FLOYD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TILLER, FLOYD is August 2026.
- How much has TILLER, FLOYD produced?
- TILLER, FLOYD has reported 7,589 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is TILLER, FLOYD worth?
- The remaining production from TILLER, FLOYD is estimated to be worth about $86K in total as of 27 August 2026, within a range of $47K to $125K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TILLER, FLOYD is a fraction of it. The estimate fits an Arps decline curve to the production TILLER, FLOYD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TILLER, FLOYD is an estimate of value, not an offer and not an appraisal.
- How much income does TILLER, FLOYD generate in a year?
- TILLER, FLOYD is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TILLER, FLOYD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Base Petroleum |
|---|---|
| Field | Salt Flat |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 02968 |
| Wellbores | 3 |
| Reported production | 7,589 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $86K |
Where TILLER, FLOYD 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.