ARGO
ARGO is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Sheridan Production Company, LLC. It has 4 wellbores on file with the Commission. Reported production runs from June 2010 to August 2026, totalling 69,346 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 $1.1M, with roughly $224K 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 297 barrels a month, about 74 per wellbore. Its strongest month on the record we hold was June 2020, at 629 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 ARGO
- Who operates ARGO?
- ARGO is operated by Sheridan Production Company, LLC, Railroad Commission of Texas operator number 775854.
- Where is ARGO?
- ARGO is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40387.
- Is ARGO still producing?
- ARGO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARGO is August 2026.
- How much has ARGO produced?
- ARGO has reported 69,346 barrels of oil (bbl) to the Railroad Commission of Texas between June 2010 and August 2026, from 4 wellbores.
- How much is ARGO worth?
- The remaining production from ARGO is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $821K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARGO is a fraction of it. The estimate fits an Arps decline curve to the production ARGO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARGO is an estimate of value, not an offer and not an appraisal.
- How much income does ARGO generate in a year?
- ARGO is forecast to net about $224K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ARGO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sheridan Production Company, LLC |
|---|---|
| Field | Martin (Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 40387 |
| Wellbores | 4 |
| Reported production | 69,346 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where ARGO 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.