FORBES 17
FORBES 17 is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Young, Marshall R., Oil Co. It has 1 wellbore on file with the Commission. Reported production runs from August 2000 to August 2026, totalling 31,914 barrels. The lease is intermittent. 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 $653, with roughly $126 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 0 barrels a month. Its strongest month on the record we hold was April 2020, at 127 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 FORBES 17
- Who operates FORBES 17?
- FORBES 17 is operated by Young, Marshall R., Oil Co., Railroad Commission of Texas operator number 949290.
- Where is FORBES 17?
- FORBES 17 is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68221.
- Is FORBES 17 still producing?
- FORBES 17 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for FORBES 17 is August 2026.
- How much has FORBES 17 produced?
- FORBES 17 has reported 31,914 barrels of oil (bbl) to the Railroad Commission of Texas between August 2000 and August 2026, from 1 wellbore.
- How much is FORBES 17 worth?
- The remaining production from FORBES 17 is estimated to be worth about $653 in total as of 27 August 2026, within a range of $0 to $1K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FORBES 17 is a fraction of it. The estimate fits an Arps decline curve to the production FORBES 17 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FORBES 17 is an estimate of value, not an offer and not an appraisal.
- How much income does FORBES 17 generate in a year?
- FORBES 17 is forecast to net about $126 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FORBES 17 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Young, Marshall R., Oil Co. |
|---|---|
| Field | New Era (Glorieta) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 68221 |
| Wellbores | 1 |
| Reported production | 31,914 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $653 |
Where FORBES 17 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.