BOLES '3'
BOLES '3' is a Texas oil lease in Dawson County, Railroad Commission district 8A, operated by Midland Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2013 to August 2026, totalling 26,054 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 $173K, with roughly $33K 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 67 barrels a month. Its strongest month on the record we hold was October 2016, at 410 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 BOLES '3'
- Who operates BOLES '3'?
- BOLES '3' is operated by Midland Energy, Inc., Railroad Commission of Texas operator number 565460.
- Where is BOLES '3'?
- BOLES '3' is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70094.
- Is BOLES '3' still producing?
- BOLES '3' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BOLES '3' is August 2026.
- How much has BOLES '3' produced?
- BOLES '3' has reported 26,054 barrels of oil (bbl) to the Railroad Commission of Texas between November 2013 and August 2026, from 1 wellbore.
- How much is BOLES '3' worth?
- The remaining production from BOLES '3' is estimated to be worth about $173K in total as of 27 August 2026, within a range of $95K to $250K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BOLES '3' is a fraction of it. The estimate fits an Arps decline curve to the production BOLES '3' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BOLES '3' is an estimate of value, not an offer and not an appraisal.
- How much income does BOLES '3' generate in a year?
- BOLES '3' is forecast to net about $33K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BOLES '3' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Midland Energy, Inc. |
|---|---|
| Field | Spraberry |
| County | Dawson County, Texas |
| RRC district | 8A |
| Lease number | 70094 |
| Wellbores | 1 |
| Reported production | 26,054 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $173K |
Where BOLES '3' 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.