GLASS 308
GLASS 308 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Eog Resources, Inc. It has 2 wellbores on file with the Commission. Reported production runs from February 2011 to August 2026, totalling 213,997 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 $1.6M, with roughly $260K 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 248 barrels a month, about 124 per wellbore. Its strongest month on the record we hold was March 2018, at 722 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 GLASS 308
- Who operates GLASS 308?
- GLASS 308 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is GLASS 308?
- GLASS 308 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08486.
- Is GLASS 308 still producing?
- GLASS 308 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLASS 308 is August 2026.
- How much has GLASS 308 produced?
- GLASS 308 has reported 213,997 barrels of oil (bbl) to the Railroad Commission of Texas between February 2011 and August 2026, from 2 wellbores.
- How much is GLASS 308 worth?
- The remaining production from GLASS 308 is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLASS 308 is a fraction of it. The estimate fits an Arps decline curve to the production GLASS 308 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLASS 308 is an estimate of value, not an offer and not an appraisal.
- How much income does GLASS 308 generate in a year?
- GLASS 308 is forecast to net about $260K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GLASS 308 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08486 |
| Wellbores | 2 |
| Reported production | 213,997 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where GLASS 308 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.