GOODE "B"
GOODE "B" is a Texas oil lease in Brown County, Railroad Commission district 7B, operated by Goode Production, Inc. -. It has 3 wellbores on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 12,001 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 $89K, with roughly $17K 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 15 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was November 2018, at 173 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 GOODE "B"
- Who operates GOODE "B"?
- GOODE "B" is operated by Goode Production, Inc. -, Railroad Commission of Texas operator number 314465.
- Where is GOODE "B"?
- GOODE "B" is a Texas oil lease in Brown County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 30598.
- Is GOODE "B" still producing?
- GOODE "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOODE "B" is August 2026.
- How much has GOODE "B" produced?
- GOODE "B" has reported 12,001 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 3 wellbores.
- How much is GOODE "B" worth?
- The remaining production from GOODE "B" is estimated to be worth about $89K in total as of 26 August 2026, within a range of $49K to $129K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOODE "B" is a fraction of it. The estimate fits an Arps decline curve to the production GOODE "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOODE "B" is an estimate of value, not an offer and not an appraisal.
- How much income does GOODE "B" generate in a year?
- GOODE "B" is forecast to net about $17K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GOODE "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Goode Production, Inc. - |
|---|---|
| Field | Brown County Regular |
| County | Brown County, Texas |
| RRC district | 7B |
| Lease number | 30598 |
| Wellbores | 3 |
| Reported production | 12,001 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $89K |
Where GOODE "B" 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.