RECKLESS 1028
RECKLESS 1028 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 4 wellbores on file with the Commission. Reported production runs from March 2009 to August 2026, totalling 253,477 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 $1.5M, with roughly $312K 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 476 barrels a month, about 119 per wellbore. Its strongest month on the record we hold was May 2016, at 2,109 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 RECKLESS 1028
- Who operates RECKLESS 1028?
- RECKLESS 1028 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is RECKLESS 1028?
- RECKLESS 1028 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07967.
- Is RECKLESS 1028 still producing?
- RECKLESS 1028 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RECKLESS 1028 is August 2026.
- How much has RECKLESS 1028 produced?
- RECKLESS 1028 has reported 253,477 barrels of oil (bbl) to the Railroad Commission of Texas between March 2009 and August 2026, from 4 wellbores.
- How much is RECKLESS 1028 worth?
- The remaining production from RECKLESS 1028 is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.1M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RECKLESS 1028 is a fraction of it. The estimate fits an Arps decline curve to the production RECKLESS 1028 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RECKLESS 1028 is an estimate of value, not an offer and not an appraisal.
- How much income does RECKLESS 1028 generate in a year?
- RECKLESS 1028 is forecast to net about $312K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RECKLESS 1028 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 07967 |
| Wellbores | 4 |
| Reported production | 253,477 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where RECKLESS 1028 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.