FORMULA ONE 9-16-21
FORMULA ONE 9-16-21 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Bayswater Operating Company LLC. It has 8 wellbores on file with the Commission. Reported production runs from May 2021 to August 2026, totalling 1,308,188 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 $34.7M, with roughly $8.4M 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 11,693 barrels a month, about 1,462 per wellbore. Its strongest month on the record we hold was November 2022, at 136,667 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 FORMULA ONE 9-16-21
- Who operates FORMULA ONE 9-16-21?
- FORMULA ONE 9-16-21 is operated by Bayswater Operating Company LLC, Railroad Commission of Texas operator number 058827.
- Where is FORMULA ONE 9-16-21?
- FORMULA ONE 9-16-21 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56310.
- Is FORMULA ONE 9-16-21 still producing?
- FORMULA ONE 9-16-21 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FORMULA ONE 9-16-21 is August 2026.
- How much has FORMULA ONE 9-16-21 produced?
- FORMULA ONE 9-16-21 has reported 1,308,188 barrels of oil (bbl) to the Railroad Commission of Texas between May 2021 and August 2026, from 8 wellbores.
- How much is FORMULA ONE 9-16-21 worth?
- The remaining production from FORMULA ONE 9-16-21 is estimated to be worth about $34.7M in total as of 27 August 2026, within a range of $28.4M to $40.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FORMULA ONE 9-16-21 is a fraction of it. The estimate fits an Arps decline curve to the production FORMULA ONE 9-16-21 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FORMULA ONE 9-16-21 is an estimate of value, not an offer and not an appraisal.
- How much income does FORMULA ONE 9-16-21 generate in a year?
- FORMULA ONE 9-16-21 is forecast to net about $8.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FORMULA ONE 9-16-21 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 | 56310 |
| Wellbores | 8 |
| Reported production | 1,308,188 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $34.7M |
Where FORMULA ONE 9-16-21 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.