MASTERS
MASTERS is a Texas oil lease in Bexar County, Railroad Commission district 01, operated by Seeker Oil Company, Incorporated. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 8,442 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 $106K, with roughly $20K 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 30 barrels a month, about 15 per wellbore. Its strongest month on the record we hold was July 2016, at 78 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 MASTERS
- Who operates MASTERS?
- MASTERS is operated by Seeker Oil Company, Incorporated, Railroad Commission of Texas operator number 763165.
- Where is MASTERS?
- MASTERS is a Texas oil lease in Bexar County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 11261.
- Is MASTERS still producing?
- MASTERS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MASTERS is August 2026.
- How much has MASTERS produced?
- MASTERS has reported 8,442 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MASTERS worth?
- The remaining production from MASTERS is estimated to be worth about $106K in total as of 26 August 2026, within a range of $58K to $153K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MASTERS is a fraction of it. The estimate fits an Arps decline curve to the production MASTERS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MASTERS is an estimate of value, not an offer and not an appraisal.
- How much income does MASTERS generate in a year?
- MASTERS is forecast to net about $20K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MASTERS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seeker Oil Company, Incorporated |
|---|---|
| Field | Somerset |
| County | Bexar County, Texas |
| RRC district | 01 |
| Lease number | 11261 |
| Wellbores | 2 |
| Reported production | 8,442 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $106K |
Where MASTERS 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.