ARMSTRONG
ARMSTRONG is a Texas oil lease in Gaines County, Railroad Commission district 08, operated by Caprock Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 77,632 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 $225K, with roughly $43K 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 58 barrels a month. Its strongest month on the record we hold was May 2017, at 286 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 ARMSTRONG
- Who operates ARMSTRONG?
- ARMSTRONG is operated by Caprock Operating, Inc., Railroad Commission of Texas operator number 130482.
- Where is ARMSTRONG?
- ARMSTRONG is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31403.
- Is ARMSTRONG still producing?
- ARMSTRONG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARMSTRONG is August 2026.
- How much has ARMSTRONG produced?
- ARMSTRONG has reported 77,632 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ARMSTRONG worth?
- The remaining production from ARMSTRONG is estimated to be worth about $225K in total as of 27 August 2026, within a range of $124K to $326K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARMSTRONG is a fraction of it. The estimate fits an Arps decline curve to the production ARMSTRONG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARMSTRONG is an estimate of value, not an offer and not an appraisal.
- How much income does ARMSTRONG generate in a year?
- ARMSTRONG is forecast to net about $43K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ARMSTRONG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Caprock Operating, Inc. |
|---|---|
| Field | Means, N. (Queen Sand) |
| County | Gaines County, Texas |
| RRC district | 08 |
| Lease number | 31403 |
| Wellbores | 1 |
| Reported production | 77,632 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $225K |
Where ARMSTRONG 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.