LEON
LEON is a Texas oil lease in Ector County, Railroad Commission district 08, operated by FDL Operating, LLC. It has 7 wellbores on file with the Commission. Reported production runs from July 2018 to August 2026, totalling 62,439 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 $490K, with roughly $195K 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 334 barrels a month, about 48 per wellbore. Its strongest month on the record we hold was December 2020, at 1,688 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 LEON
- Who operates LEON?
- LEON is operated by FDL Operating, LLC, Railroad Commission of Texas operator number 263924.
- Where is LEON?
- LEON is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51810.
- Is LEON still producing?
- LEON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEON is August 2026.
- How much has LEON produced?
- LEON has reported 62,439 barrels of oil (bbl) to the Railroad Commission of Texas between July 2018 and August 2026, from 7 wellbores.
- How much is LEON worth?
- The remaining production from LEON is estimated to be worth about $490K in total as of 26 August 2026, within a range of $382K to $598K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEON is a fraction of it. The estimate fits an Arps decline curve to the production LEON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEON is an estimate of value, not an offer and not an appraisal.
- How much income does LEON generate in a year?
- LEON is forecast to net about $195K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | FDL Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 51810 |
| Wellbores | 7 |
| Reported production | 62,439 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $490K |
Where LEON 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.