FAXEL
FAXEL is a Texas oil lease in Parker County, Railroad Commission district 09, operated by Chief Oil & Gas LLC *. It has 1 wellbore on file with the Commission. Reported production runs from July 2005 to August 2026, totalling 36,276 barrels. The lease is intermittent. 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 $1.5M, with roughly $195K 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 12 barrels a month. Its strongest month on the record we hold was June 2017, at 237 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 FAXEL
- Who operates FAXEL?
- FAXEL is operated by Chief Oil & Gas LLC *, Railroad Commission of Texas operator number 148219.
- Where is FAXEL?
- FAXEL is a Texas oil lease in Parker County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30481.
- Is FAXEL still producing?
- FAXEL is intermittent. The most recent month of production reported to the Railroad Commission of Texas for FAXEL is August 2026.
- How much has FAXEL produced?
- FAXEL has reported 36,276 barrels of oil (bbl) to the Railroad Commission of Texas between July 2005 and August 2026, from 1 wellbore.
- How much is FAXEL worth?
- The remaining production from FAXEL is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $822K to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAXEL is a fraction of it. The estimate fits an Arps decline curve to the production FAXEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAXEL is an estimate of value, not an offer and not an appraisal.
- How much income does FAXEL generate in a year?
- FAXEL is forecast to net about $195K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FAXEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chief Oil & Gas LLC * |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Parker County, Texas |
| RRC district | 09 |
| Lease number | 30481 |
| Wellbores | 1 |
| Reported production | 36,276 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where FAXEL 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.