WATERS, F. M.
WATERS, F. M. is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by BC Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 66,291 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 $434K, with roughly $83K 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 113 barrels a month. Its strongest month on the record we hold was October 2021, at 319 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 WATERS, F. M.
- Who operates WATERS, F. M.?
- WATERS, F. M. is operated by BC Operating, Inc., Railroad Commission of Texas operator number 058893.
- Where is WATERS, F. M.?
- WATERS, F. M. is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 66250.
- Is WATERS, F. M. still producing?
- WATERS, F. M. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATERS, F. M. is August 2026.
- How much has WATERS, F. M. produced?
- WATERS, F. M. has reported 66,291 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WATERS, F. M. worth?
- The remaining production from WATERS, F. M. is estimated to be worth about $434K in total as of 27 August 2026, within a range of $338K to $529K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATERS, F. M. is a fraction of it. The estimate fits an Arps decline curve to the production WATERS, F. M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATERS, F. M. is an estimate of value, not an offer and not an appraisal.
- How much income does WATERS, F. M. generate in a year?
- WATERS, F. M. is forecast to net about $83K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATERS, F. M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BC Operating, Inc. |
|---|---|
| Field | Monarch (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 66250 |
| Wellbores | 1 |
| Reported production | 66,291 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $434K |
Where WATERS, F. M. 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.