WASHINGTON 2
WASHINGTON 2 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Lario Oil & Gas Company. It has 3 wellbores on file with the Commission. Reported production runs from June 2021 to August 2026, totalling 219,566 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 $4.5M, with roughly $1.4M 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 1,798 barrels a month, about 599 per wellbore. Its strongest month on the record we hold was July 2021, at 19,728 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 WASHINGTON 2
- Who operates WASHINGTON 2?
- WASHINGTON 2 is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is WASHINGTON 2?
- WASHINGTON 2 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56049.
- Is WASHINGTON 2 still producing?
- WASHINGTON 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WASHINGTON 2 is August 2026.
- How much has WASHINGTON 2 produced?
- WASHINGTON 2 has reported 219,566 barrels of oil (bbl) to the Railroad Commission of Texas between June 2021 and August 2026, from 3 wellbores.
- How much is WASHINGTON 2 worth?
- The remaining production from WASHINGTON 2 is estimated to be worth about $4.5M in total as of 26 August 2026, within a range of $3.8M to $5.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WASHINGTON 2 is a fraction of it. The estimate fits an Arps decline curve to the production WASHINGTON 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WASHINGTON 2 is an estimate of value, not an offer and not an appraisal.
- How much income does WASHINGTON 2 generate in a year?
- WASHINGTON 2 is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WASHINGTON 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lario Oil & Gas Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 56049 |
| Wellbores | 3 |
| Reported production | 219,566 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.5M |
Where WASHINGTON 2 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.