BARNES 3A
BARNES 3A is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Element Petroleum Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 42,529 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 $262K, with roughly $43K 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 46 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was March 2020, at 454 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 BARNES 3A
- Who operates BARNES 3A?
- BARNES 3A is operated by Element Petroleum Operating, LLC, Railroad Commission of Texas operator number 247680.
- Where is BARNES 3A?
- BARNES 3A is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44034.
- Is BARNES 3A still producing?
- BARNES 3A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BARNES 3A is August 2026.
- How much has BARNES 3A produced?
- BARNES 3A has reported 42,529 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 2 wellbores.
- How much is BARNES 3A worth?
- The remaining production from BARNES 3A is estimated to be worth about $262K in total as of 26 August 2026, within a range of $144K to $380K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BARNES 3A is a fraction of it. The estimate fits an Arps decline curve to the production BARNES 3A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BARNES 3A is an estimate of value, not an offer and not an appraisal.
- How much income does BARNES 3A generate in a year?
- BARNES 3A is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BARNES 3A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Element Petroleum Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 44034 |
| Wellbores | 2 |
| Reported production | 42,529 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $262K |
Where BARNES 3A 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.