FAR EAST 1-12
FAR EAST 1-12 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Bayswater Operating Company LLC. It has 6 wellbores on file with the Commission. Reported production runs from March 2021 to August 2026, totalling 1,329,550 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 $31.2M, with roughly $8.1M 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 12,917 barrels a month, about 2,153 per wellbore. Its strongest month on the record we hold was September 2023, at 109,895 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 FAR EAST 1-12
- Who operates FAR EAST 1-12?
- FAR EAST 1-12 is operated by Bayswater Operating Company LLC, Railroad Commission of Texas operator number 058827.
- Where is FAR EAST 1-12?
- FAR EAST 1-12 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56066.
- Is FAR EAST 1-12 still producing?
- FAR EAST 1-12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAR EAST 1-12 is August 2026.
- How much has FAR EAST 1-12 produced?
- FAR EAST 1-12 has reported 1,329,550 barrels of oil (bbl) to the Railroad Commission of Texas between March 2021 and August 2026, from 6 wellbores.
- How much is FAR EAST 1-12 worth?
- The remaining production from FAR EAST 1-12 is estimated to be worth about $31.2M in total as of 27 August 2026, within a range of $25.6M to $36.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAR EAST 1-12 is a fraction of it. The estimate fits an Arps decline curve to the production FAR EAST 1-12 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAR EAST 1-12 is an estimate of value, not an offer and not an appraisal.
- How much income does FAR EAST 1-12 generate in a year?
- FAR EAST 1-12 is forecast to net about $8.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FAR EAST 1-12 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bayswater Operating Company LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 56066 |
| Wellbores | 6 |
| Reported production | 1,329,550 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $31.2M |
Where FAR EAST 1-12 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.