ARCHER 38
ARCHER 38 is a Texas oil lease in Hansford County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2018 to August 2026, totalling 113,321 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 $1.8M, with roughly $390K 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 478 barrels a month. Its strongest month on the record we hold was March 2018, at 6,330 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 ARCHER 38
- Who operates ARCHER 38?
- ARCHER 38 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is ARCHER 38?
- ARCHER 38 is a Texas oil lease in Hansford County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09637.
- Is ARCHER 38 still producing?
- ARCHER 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARCHER 38 is August 2026.
- How much has ARCHER 38 produced?
- ARCHER 38 has reported 113,321 barrels of oil (bbl) to the Railroad Commission of Texas between February 2018 and August 2026, from 1 wellbore.
- How much is ARCHER 38 worth?
- The remaining production from ARCHER 38 is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARCHER 38 is a fraction of it. The estimate fits an Arps decline curve to the production ARCHER 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARCHER 38 is an estimate of value, not an offer and not an appraisal.
- How much income does ARCHER 38 generate in a year?
- ARCHER 38 is forecast to net about $390K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ARCHER 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Pan Petro (Marmaton) |
| County | Hansford County, Texas |
| RRC district | 10 |
| Lease number | 09637 |
| Wellbores | 1 |
| Reported production | 113,321 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where ARCHER 38 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.