FREUND
FREUND is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Mcshane, J. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 45,357 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 $261K, with roughly $50K 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 71 barrels a month. Its strongest month on the record we hold was December 2024, at 176 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 FREUND
- Who operates FREUND?
- FREUND is operated by Mcshane, J. Inc., Railroad Commission of Texas operator number 556235.
- Where is FREUND?
- FREUND is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31890.
- Is FREUND still producing?
- FREUND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FREUND is August 2026.
- How much has FREUND produced?
- FREUND has reported 45,357 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FREUND worth?
- The remaining production from FREUND is estimated to be worth about $261K in total as of 26 August 2026, within a range of $143K to $378K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FREUND is a fraction of it. The estimate fits an Arps decline curve to the production FREUND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FREUND is an estimate of value, not an offer and not an appraisal.
- How much income does FREUND generate in a year?
- FREUND is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FREUND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcshane, J. Inc. |
|---|---|
| Field | Smith (Clear Fork) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 31890 |
| Wellbores | 1 |
| Reported production | 45,357 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $261K |
Where FREUND 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.