BENEDICT
BENEDICT is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Fora Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 9,914 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 $147K, with roughly $28K 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 13 barrels a month. Its strongest month on the record we hold was January 2026, at 127 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 BENEDICT
- Who operates BENEDICT?
- BENEDICT is operated by Fora Company, Railroad Commission of Texas operator number 275400.
- Where is BENEDICT?
- BENEDICT is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 03416.
- Is BENEDICT still producing?
- BENEDICT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for BENEDICT is August 2026.
- How much has BENEDICT produced?
- BENEDICT has reported 9,914 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BENEDICT worth?
- The remaining production from BENEDICT is estimated to be worth about $147K in total as of 26 August 2026, within a range of $81K to $213K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BENEDICT is a fraction of it. The estimate fits an Arps decline curve to the production BENEDICT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BENEDICT is an estimate of value, not an offer and not an appraisal.
- How much income does BENEDICT generate in a year?
- BENEDICT is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BENEDICT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fora Company |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 03416 |
| Wellbores | 1 |
| Reported production | 9,914 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $147K |
Where BENEDICT 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.