FRANCES 12-1-B
FRANCES 12-1-B is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2020 to August 2026, totalling 922,984 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 $9.9M, with roughly $2.9M 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 4,435 barrels a month, about 2,218 per wellbore. Its strongest month on the record we hold was October 2020, at 62,845 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 FRANCES 12-1-B
- Who operates FRANCES 12-1-B?
- FRANCES 12-1-B is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is FRANCES 12-1-B?
- FRANCES 12-1-B is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55609.
- Is FRANCES 12-1-B still producing?
- FRANCES 12-1-B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRANCES 12-1-B is August 2026.
- How much has FRANCES 12-1-B produced?
- FRANCES 12-1-B has reported 922,984 barrels of oil (bbl) to the Railroad Commission of Texas between September 2020 and August 2026, from 2 wellbores.
- How much is FRANCES 12-1-B worth?
- The remaining production from FRANCES 12-1-B is estimated to be worth about $9.9M in total as of 26 August 2026, within a range of $8.2M to $11.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRANCES 12-1-B is a fraction of it. The estimate fits an Arps decline curve to the production FRANCES 12-1-B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRANCES 12-1-B is an estimate of value, not an offer and not an appraisal.
- How much income does FRANCES 12-1-B generate in a year?
- FRANCES 12-1-B is forecast to net about $2.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FRANCES 12-1-B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 55609 |
| Wellbores | 2 |
| Reported production | 922,984 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.9M |
Where FRANCES 12-1-B 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.