TEAGUE 6
TEAGUE 6 is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Banner Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 33,221 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 $866K, with roughly $196K 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 268 barrels a month, about 134 per wellbore. Its strongest month on the record we hold was March 2021, at 460 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 TEAGUE 6
- Who operates TEAGUE 6?
- TEAGUE 6 is operated by Banner Operating, LLC, Railroad Commission of Texas operator number 048537.
- Where is TEAGUE 6?
- TEAGUE 6 is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18654.
- Is TEAGUE 6 still producing?
- TEAGUE 6 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEAGUE 6 is August 2026.
- How much has TEAGUE 6 produced?
- TEAGUE 6 has reported 33,221 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 2 wellbores.
- How much is TEAGUE 6 worth?
- The remaining production from TEAGUE 6 is estimated to be worth about $866K in total as of 26 August 2026, within a range of $676K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEAGUE 6 is a fraction of it. The estimate fits an Arps decline curve to the production TEAGUE 6 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEAGUE 6 is an estimate of value, not an offer and not an appraisal.
- How much income does TEAGUE 6 generate in a year?
- TEAGUE 6 is forecast to net about $196K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEAGUE 6 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Banner Operating, LLC |
|---|---|
| Field | Funk (San Andres) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 18654 |
| Wellbores | 2 |
| Reported production | 33,221 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $866K |
Where TEAGUE 6 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.