GOOD 121
GOOD 121 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by BP America Production Company. It has 2 wellbores on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 48,080 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 $259K, with roughly $42K 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 52 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was March 2017, at 1,159 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 GOOD 121
- Who operates GOOD 121?
- GOOD 121 is operated by BP America Production Company, Railroad Commission of Texas operator number 040798.
- Where is GOOD 121?
- GOOD 121 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09431.
- Is GOOD 121 still producing?
- GOOD 121 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOOD 121 is August 2026.
- How much has GOOD 121 produced?
- GOOD 121 has reported 48,080 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 2 wellbores.
- How much is GOOD 121 worth?
- The remaining production from GOOD 121 is estimated to be worth about $259K in total as of 26 August 2026, within a range of $143K to $376K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOOD 121 is a fraction of it. The estimate fits an Arps decline curve to the production GOOD 121 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOOD 121 is an estimate of value, not an offer and not an appraisal.
- How much income does GOOD 121 generate in a year?
- GOOD 121 is forecast to net about $42K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GOOD 121 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BP America Production Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09431 |
| Wellbores | 2 |
| Reported production | 48,080 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $259K |
Where GOOD 121 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.