TERRY COUNTY SCHOOL LAND
TERRY COUNTY SCHOOL LAND is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Exxon Corp. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 812,299 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 $3.6M, with roughly $827K 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 1,115 barrels a month, about 372 per wellbore. Its strongest month on the record we hold was October 2018, at 2,337 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 TERRY COUNTY SCHOOL LAND
- Who operates TERRY COUNTY SCHOOL LAND?
- TERRY COUNTY SCHOOL LAND is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
- Where is TERRY COUNTY SCHOOL LAND?
- TERRY COUNTY SCHOOL LAND is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 65371.
- Is TERRY COUNTY SCHOOL LAND still producing?
- TERRY COUNTY SCHOOL LAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TERRY COUNTY SCHOOL LAND is August 2026.
- How much has TERRY COUNTY SCHOOL LAND produced?
- TERRY COUNTY SCHOOL LAND has reported 812,299 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is TERRY COUNTY SCHOOL LAND worth?
- The remaining production from TERRY COUNTY SCHOOL LAND is estimated to be worth about $3.6M in total as of 27 August 2026, within a range of $3.0M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TERRY COUNTY SCHOOL LAND is a fraction of it. The estimate fits an Arps decline curve to the production TERRY COUNTY SCHOOL LAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TERRY COUNTY SCHOOL LAND is an estimate of value, not an offer and not an appraisal.
- How much income does TERRY COUNTY SCHOOL LAND generate in a year?
- TERRY COUNTY SCHOOL LAND is forecast to net about $827K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TERRY COUNTY SCHOOL LAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Corp. |
|---|---|
| Field | Champmon (Dev.) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 65371 |
| Wellbores | 3 |
| Reported production | 812,299 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where TERRY COUNTY SCHOOL LAND 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.