BREEDING "198"
BREEDING "198" is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Fasken Oil And Ranch, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from April 1997 to August 2026, totalling 92,978 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 $339K, with roughly $65K 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 86 barrels a month. Its strongest month on the record we hold was May 2017, at 230 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 BREEDING "198"
- Who operates BREEDING "198"?
- BREEDING "198" is operated by Fasken Oil And Ranch, Ltd., Railroad Commission of Texas operator number 263696.
- Where is BREEDING "198"?
- BREEDING "198" is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67705.
- Is BREEDING "198" still producing?
- BREEDING "198" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BREEDING "198" is August 2026.
- How much has BREEDING "198" produced?
- BREEDING "198" has reported 92,978 barrels of oil (bbl) to the Railroad Commission of Texas between April 1997 and August 2026, from 1 wellbore.
- How much is BREEDING "198" worth?
- The remaining production from BREEDING "198" is estimated to be worth about $339K in total as of 26 August 2026, within a range of $187K to $492K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BREEDING "198" is a fraction of it. The estimate fits an Arps decline curve to the production BREEDING "198" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BREEDING "198" is an estimate of value, not an offer and not an appraisal.
- How much income does BREEDING "198" generate in a year?
- BREEDING "198" is forecast to net about $65K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BREEDING "198" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fasken Oil And Ranch, Ltd. |
|---|---|
| Field | Three-O-Three (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 67705 |
| Wellbores | 1 |
| Reported production | 92,978 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $339K |
Where BREEDING "198" 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.