FLYING FORTRESS 98-83
FLYING FORTRESS 98-83 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Iron Orchard Operating LLC. It has 8 wellbores on file with the Commission. Reported production runs from August 2024 to August 2026, totalling 903,753 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 $33.7M, with roughly $11.4M 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 30,457 barrels a month, about 3,807 per wellbore. Its strongest month on the record we hold was April 2026, at 89,787 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 FLYING FORTRESS 98-83
- Who operates FLYING FORTRESS 98-83?
- FLYING FORTRESS 98-83 is operated by Iron Orchard Operating LLC, Railroad Commission of Texas operator number 426412.
- Where is FLYING FORTRESS 98-83?
- FLYING FORTRESS 98-83 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62156.
- Is FLYING FORTRESS 98-83 still producing?
- FLYING FORTRESS 98-83 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FLYING FORTRESS 98-83 is August 2026.
- How much has FLYING FORTRESS 98-83 produced?
- FLYING FORTRESS 98-83 has reported 903,753 barrels of oil (bbl) to the Railroad Commission of Texas between August 2024 and August 2026, from 8 wellbores.
- How much is FLYING FORTRESS 98-83 worth?
- The remaining production from FLYING FORTRESS 98-83 is estimated to be worth about $33.7M in total as of 27 August 2026, within a range of $27.6M to $39.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FLYING FORTRESS 98-83 is a fraction of it. The estimate fits an Arps decline curve to the production FLYING FORTRESS 98-83 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FLYING FORTRESS 98-83 is an estimate of value, not an offer and not an appraisal.
- How much income does FLYING FORTRESS 98-83 generate in a year?
- FLYING FORTRESS 98-83 is forecast to net about $11.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FLYING FORTRESS 98-83 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Iron Orchard Operating LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 62156 |
| Wellbores | 8 |
| Reported production | 903,753 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $33.7M |
Where FLYING FORTRESS 98-83 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.