RAPTOR 38
RAPTOR 38 is a Texas oil lease in Culberson County, Railroad Commission district 08, operated by Finley Resources, Inc. It has 10 wellbores on file with the Commission. Reported production runs from November 2011 to August 2026, totalling 1,275,026 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 $2.6M, with roughly $587K 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 1,257 barrels a month, about 126 per wellbore. Its strongest month on the record we hold was October 2016, at 11,928 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 RAPTOR 38
- Who operates RAPTOR 38?
- RAPTOR 38 is operated by Finley Resources, Inc., Railroad Commission of Texas operator number 268602.
- Where is RAPTOR 38?
- RAPTOR 38 is a Texas oil lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41997.
- Is RAPTOR 38 still producing?
- RAPTOR 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAPTOR 38 is August 2026.
- How much has RAPTOR 38 produced?
- RAPTOR 38 has reported 1,275,026 barrels of oil (bbl) to the Railroad Commission of Texas between November 2011 and August 2026, from 10 wellbores.
- How much is RAPTOR 38 worth?
- The remaining production from RAPTOR 38 is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAPTOR 38 is a fraction of it. The estimate fits an Arps decline curve to the production RAPTOR 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAPTOR 38 is an estimate of value, not an offer and not an appraisal.
- How much income does RAPTOR 38 generate in a year?
- RAPTOR 38 is forecast to net about $587K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAPTOR 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Finley Resources, Inc. |
|---|---|
| Field | Ford, West (4100) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 41997 |
| Wellbores | 10 |
| Reported production | 1,275,026 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where RAPTOR 38 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.