MIDLAND FARMS OPERATING AREA
MIDLAND FARMS OPERATING AREA is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Occidental Permian Ltd. It has 3 wellbores on file with the Commission. Reported production runs from June 2019 to August 2026, totalling 40,584 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 $1.3M, with roughly $373K 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 536 barrels a month, about 179 per wellbore. Its strongest month on the record we hold was August 2022, at 2,583 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 MIDLAND FARMS OPERATING AREA
- Who operates MIDLAND FARMS OPERATING AREA?
- MIDLAND FARMS OPERATING AREA is operated by Occidental Permian Ltd., Railroad Commission of Texas operator number 617544.
- Where is MIDLAND FARMS OPERATING AREA?
- MIDLAND FARMS OPERATING AREA is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51950.
- Is MIDLAND FARMS OPERATING AREA still producing?
- MIDLAND FARMS OPERATING AREA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND FARMS OPERATING AREA is August 2026.
- How much has MIDLAND FARMS OPERATING AREA produced?
- MIDLAND FARMS OPERATING AREA has reported 40,584 barrels of oil (bbl) to the Railroad Commission of Texas between June 2019 and August 2026, from 3 wellbores.
- How much is MIDLAND FARMS OPERATING AREA worth?
- The remaining production from MIDLAND FARMS OPERATING AREA is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $995K to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDLAND FARMS OPERATING AREA is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND FARMS OPERATING AREA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDLAND FARMS OPERATING AREA is an estimate of value, not an offer and not an appraisal.
- How much income does MIDLAND FARMS OPERATING AREA generate in a year?
- MIDLAND FARMS OPERATING AREA is forecast to net about $373K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDLAND FARMS OPERATING AREA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Occidental Permian Ltd. |
|---|---|
| Field | Inez (Consolidated) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 51950 |
| Wellbores | 3 |
| Reported production | 40,584 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where MIDLAND FARMS OPERATING AREA 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.