BUCHANAN 3111
BUCHANAN 3111 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Apache Corporation. It has 4 wellbores on file with the Commission. Reported production runs from March 2010 to August 2026, totalling 104,865 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 $790K, with roughly $152K 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 166 barrels a month, about 41 per wellbore. Its strongest month on the record we hold was December 2021, at 4,096 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 BUCHANAN 3111
- Who operates BUCHANAN 3111?
- BUCHANAN 3111 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is BUCHANAN 3111?
- BUCHANAN 3111 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40053.
- Is BUCHANAN 3111 still producing?
- BUCHANAN 3111 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUCHANAN 3111 is August 2026.
- How much has BUCHANAN 3111 produced?
- BUCHANAN 3111 has reported 104,865 barrels of oil (bbl) to the Railroad Commission of Texas between March 2010 and August 2026, from 4 wellbores.
- How much is BUCHANAN 3111 worth?
- The remaining production from BUCHANAN 3111 is estimated to be worth about $790K in total as of 26 August 2026, within a range of $616K to $964K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUCHANAN 3111 is a fraction of it. The estimate fits an Arps decline curve to the production BUCHANAN 3111 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUCHANAN 3111 is an estimate of value, not an offer and not an appraisal.
- How much income does BUCHANAN 3111 generate in a year?
- BUCHANAN 3111 is forecast to net about $152K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUCHANAN 3111 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 40053 |
| Wellbores | 4 |
| Reported production | 104,865 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $790K |
Where BUCHANAN 3111 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.