FOLKNER
FOLKNER is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Roff Operating Company, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2008 to August 2026, totalling 53,268 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 $258K, with roughly $50K 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 55 barrels a month. Its strongest month on the record we hold was March 2021, at 336 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 FOLKNER
- Who operates FOLKNER?
- FOLKNER is operated by Roff Operating Company, LLC, Railroad Commission of Texas operator number 724620.
- Where is FOLKNER?
- FOLKNER is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38880.
- Is FOLKNER still producing?
- FOLKNER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOLKNER is August 2026.
- How much has FOLKNER produced?
- FOLKNER has reported 53,268 barrels of oil (bbl) to the Railroad Commission of Texas between June 2008 and August 2026, from 1 wellbore.
- How much is FOLKNER worth?
- The remaining production from FOLKNER is estimated to be worth about $258K in total as of 26 August 2026, within a range of $142K to $374K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOLKNER is a fraction of it. The estimate fits an Arps decline curve to the production FOLKNER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOLKNER is an estimate of value, not an offer and not an appraisal.
- How much income does FOLKNER generate in a year?
- FOLKNER is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FOLKNER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Roff Operating Company, LLC |
|---|---|
| Field | Breedlove |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 38880 |
| Wellbores | 1 |
| Reported production | 53,268 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $258K |
Where FOLKNER 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.