SWORD
SWORD is a Texas oil lease in Martin County, Railroad Commission district 08, operated by BC Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 63,202 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 $554K, with roughly $107K 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 144 barrels a month. Its strongest month on the record we hold was June 2020, at 548 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 SWORD
- Who operates SWORD?
- SWORD is operated by BC Operating, Inc., Railroad Commission of Texas operator number 058893.
- Where is SWORD?
- SWORD is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31304.
- Is SWORD still producing?
- SWORD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SWORD is August 2026.
- How much has SWORD produced?
- SWORD has reported 63,202 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SWORD worth?
- The remaining production from SWORD is estimated to be worth about $554K in total as of 26 August 2026, within a range of $432K to $676K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SWORD is a fraction of it. The estimate fits an Arps decline curve to the production SWORD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SWORD is an estimate of value, not an offer and not an appraisal.
- How much income does SWORD generate in a year?
- SWORD is forecast to net about $107K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SWORD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BC Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 31304 |
| Wellbores | 1 |
| Reported production | 63,202 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $554K |
Where SWORD 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.