ARMSTRONG, B. F.
ARMSTRONG, B. F. is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 76,767 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 $730K, with roughly $103K 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 40 barrels a month. Its strongest month on the record we hold was February 2018, at 657 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 ARMSTRONG, B. F.
- Who operates ARMSTRONG, B. F.?
- ARMSTRONG, B. F. is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is ARMSTRONG, B. F.?
- ARMSTRONG, B. F. is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 14100.
- Is ARMSTRONG, B. F. still producing?
- ARMSTRONG, B. F. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARMSTRONG, B. F. is August 2026.
- How much has ARMSTRONG, B. F. produced?
- ARMSTRONG, B. F. has reported 76,767 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ARMSTRONG, B. F. worth?
- The remaining production from ARMSTRONG, B. F. is estimated to be worth about $730K in total as of 26 August 2026, within a range of $402K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARMSTRONG, B. F. is a fraction of it. The estimate fits an Arps decline curve to the production ARMSTRONG, B. F. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARMSTRONG, B. F. is an estimate of value, not an offer and not an appraisal.
- How much income does ARMSTRONG, B. F. generate in a year?
- ARMSTRONG, B. F. is forecast to net about $103K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ARMSTRONG, B. F. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Denison, S. (Woodlake) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 14100 |
| Wellbores | 1 |
| Reported production | 76,767 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $730K |
Where ARMSTRONG, B. F. 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.