FOXTROT 31
FOXTROT 31 is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2013 to August 2026, totalling 49,226 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 $1.2M, with roughly $166K 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 77 barrels a month. Its strongest month on the record we hold was February 2018, at 1,836 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 FOXTROT 31
- Who operates FOXTROT 31?
- FOXTROT 31 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is FOXTROT 31?
- FOXTROT 31 is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45196.
- Is FOXTROT 31 still producing?
- FOXTROT 31 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOXTROT 31 is August 2026.
- How much has FOXTROT 31 produced?
- FOXTROT 31 has reported 49,226 barrels of oil (bbl) to the Railroad Commission of Texas between December 2013 and August 2026, from 1 wellbore.
- How much is FOXTROT 31 worth?
- The remaining production from FOXTROT 31 is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $635K to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOXTROT 31 is a fraction of it. The estimate fits an Arps decline curve to the production FOXTROT 31 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOXTROT 31 is an estimate of value, not an offer and not an appraisal.
- How much income does FOXTROT 31 generate in a year?
- FOXTROT 31 is forecast to net about $166K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FOXTROT 31 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 45196 |
| Wellbores | 1 |
| Reported production | 49,226 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where FOXTROT 31 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.