FED-EX 1178
FED-EX 1178 is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Baron Exploration Co. It has 1 wellbore on file with the Commission. Reported production runs from June 2000 to August 2026, totalling 19,351 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 $125K, with roughly $24K 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 33 barrels a month. Its strongest month on the record we hold was July 2016, at 76 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 FED-EX 1178
- Who operates FED-EX 1178?
- FED-EX 1178 is operated by Baron Exploration Co., Railroad Commission of Texas operator number 052973.
- Where is FED-EX 1178?
- FED-EX 1178 is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29772.
- Is FED-EX 1178 still producing?
- FED-EX 1178 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FED-EX 1178 is August 2026.
- How much has FED-EX 1178 produced?
- FED-EX 1178 has reported 19,351 barrels of oil (bbl) to the Railroad Commission of Texas between June 2000 and August 2026, from 1 wellbore.
- How much is FED-EX 1178 worth?
- The remaining production from FED-EX 1178 is estimated to be worth about $125K in total as of 26 August 2026, within a range of $69K to $182K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FED-EX 1178 is a fraction of it. The estimate fits an Arps decline curve to the production FED-EX 1178 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FED-EX 1178 is an estimate of value, not an offer and not an appraisal.
- How much income does FED-EX 1178 generate in a year?
- FED-EX 1178 is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FED-EX 1178 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Baron Exploration Co. |
|---|---|
| Field | Sherman (7500 Sand) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 29772 |
| Wellbores | 1 |
| Reported production | 19,351 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $125K |
Where FED-EX 1178 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.