HOMER
HOMER is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Ring Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2024 to August 2026, totalling 106,786 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 $4.9M, with roughly $1.8M 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 3,726 barrels a month. Its strongest month on the record we hold was March 2024, at 8,827 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 HOMER
- Who operates HOMER?
- HOMER is operated by Ring Energy, Inc., Railroad Commission of Texas operator number 712382.
- Where is HOMER?
- HOMER is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61420.
- Is HOMER still producing?
- HOMER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOMER is August 2026.
- How much has HOMER produced?
- HOMER has reported 106,786 barrels of oil (bbl) to the Railroad Commission of Texas between March 2024 and August 2026, from 1 wellbore.
- How much is HOMER worth?
- The remaining production from HOMER is estimated to be worth about $4.9M in total as of 27 August 2026, within a range of $4.0M to $5.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOMER is a fraction of it. The estimate fits an Arps decline curve to the production HOMER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOMER is an estimate of value, not an offer and not an appraisal.
- How much income does HOMER generate in a year?
- HOMER is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HOMER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ring Energy, Inc. |
|---|---|
| Field | Shafter Lake (San Andres) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 61420 |
| Wellbores | 1 |
| Reported production | 106,786 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.9M |
Where HOMER 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.