MEDFORD
MEDFORD is a Texas oil lease in Haskell County, Railroad Commission district 7B, operated by Foree Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 11,321 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 $144K, with roughly $28K 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 28 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was July 2019, at 186 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 MEDFORD
- Who operates MEDFORD?
- MEDFORD is operated by Foree Oil Company, Railroad Commission of Texas operator number 275700.
- Where is MEDFORD?
- MEDFORD is a Texas oil lease in Haskell County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31671.
- Is MEDFORD still producing?
- MEDFORD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MEDFORD is August 2026.
- How much has MEDFORD produced?
- MEDFORD has reported 11,321 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 3 wellbores.
- How much is MEDFORD worth?
- The remaining production from MEDFORD is estimated to be worth about $144K in total as of 26 August 2026, within a range of $79K to $209K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MEDFORD is a fraction of it. The estimate fits an Arps decline curve to the production MEDFORD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MEDFORD is an estimate of value, not an offer and not an appraisal.
- How much income does MEDFORD generate in a year?
- MEDFORD is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MEDFORD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Foree Oil Company |
|---|---|
| Field | Rockdale (Cisco Lime) |
| County | Haskell County, Texas |
| RRC district | 7B |
| Lease number | 31671 |
| Wellbores | 3 |
| Reported production | 11,321 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $144K |
Where MEDFORD 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.