GUITAR 8X
GUITAR 8X is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 2017 to August 2026, totalling 675,713 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 $3.5M, with roughly $1.0M 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 1,665 barrels a month, about 555 per wellbore. Its strongest month on the record we hold was March 2017, at 49,295 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GUITAR 8X
- Who operates GUITAR 8X?
- GUITAR 8X is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is GUITAR 8X?
- GUITAR 8X is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48667.
- Is GUITAR 8X still producing?
- GUITAR 8X is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUITAR 8X is August 2026.
- How much has GUITAR 8X produced?
- GUITAR 8X has reported 675,713 barrels of oil (bbl) to the Railroad Commission of Texas between January 2017 and August 2026, from 3 wellbores.
- How much is GUITAR 8X worth?
- The remaining production from GUITAR 8X is estimated to be worth about $3.5M in total as of 26 August 2026, within a range of $2.9M to $4.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUITAR 8X is a fraction of it. The estimate fits an Arps decline curve to the production GUITAR 8X has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUITAR 8X is an estimate of value, not an offer and not an appraisal.
- How much income does GUITAR 8X generate in a year?
- GUITAR 8X is forecast to net about $1.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GUITAR 8X receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 48667 |
| Wellbores | 3 |
| Reported production | 675,713 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where GUITAR 8X 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.