FAYE II
FAYE II is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Axia Energy II, LLC. It has 4 wellbores on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 32,718 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 $579K, with roughly $109K 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 151 barrels a month, about 38 per wellbore. Its strongest month on the record we hold was November 2016, at 1,681 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 FAYE II
- Who operates FAYE II?
- FAYE II is operated by Axia Energy II, LLC, Railroad Commission of Texas operator number 039132.
- Where is FAYE II?
- FAYE II is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47971.
- Is FAYE II still producing?
- FAYE II is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAYE II is August 2026.
- How much has FAYE II produced?
- FAYE II has reported 32,718 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 4 wellbores.
- How much is FAYE II worth?
- The remaining production from FAYE II is estimated to be worth about $579K in total as of 26 August 2026, within a range of $451K to $706K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAYE II is a fraction of it. The estimate fits an Arps decline curve to the production FAYE II has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAYE II is an estimate of value, not an offer and not an appraisal.
- How much income does FAYE II generate in a year?
- FAYE II is forecast to net about $109K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FAYE II receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Axia Energy II, LLC |
|---|---|
| Field | University 31 West (U. Devonian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 47971 |
| Wellbores | 4 |
| Reported production | 32,718 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $579K |
Where FAYE II 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.