FAULKNER, S.
FAULKNER, S. is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Texaco E & P Inc. It has 21 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 598,822 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 $405K, with roughly $78K 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 122 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was March 2017, at 1,341 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 FAULKNER, S.
- Who operates FAULKNER, S.?
- FAULKNER, S. is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is FAULKNER, S.?
- FAULKNER, S. is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00638.
- Is FAULKNER, S. still producing?
- FAULKNER, S. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAULKNER, S. is August 2026.
- How much has FAULKNER, S. produced?
- FAULKNER, S. has reported 598,822 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 21 wellbores.
- How much is FAULKNER, S. worth?
- The remaining production from FAULKNER, S. is estimated to be worth about $405K in total as of 26 August 2026, within a range of $316K to $494K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAULKNER, S. is a fraction of it. The estimate fits an Arps decline curve to the production FAULKNER, S. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAULKNER, S. is an estimate of value, not an offer and not an appraisal.
- How much income does FAULKNER, S. generate in a year?
- FAULKNER, S. is forecast to net about $78K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FAULKNER, S. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00638 |
| Wellbores | 21 |
| Reported production | 598,822 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $405K |
Where FAULKNER, S. 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.