BETTS
BETTS is a Texas oil lease in Leon County, Railroad Commission district 05, operated by Sonat Exploration Company -Tyler. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,796 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 $444K, with roughly $85K 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 95 barrels a month. Its strongest month on the record we hold was February 2026, at 257 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 BETTS
- Who operates BETTS?
- BETTS is operated by Sonat Exploration Company -Tyler, Railroad Commission of Texas operator number 801642.
- Where is BETTS?
- BETTS is a Texas oil lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03063.
- Is BETTS still producing?
- BETTS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BETTS is August 2026.
- How much has BETTS produced?
- BETTS has reported 30,796 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BETTS worth?
- The remaining production from BETTS is estimated to be worth about $444K in total as of 26 August 2026, within a range of $244K to $644K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BETTS is a fraction of it. The estimate fits an Arps decline curve to the production BETTS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BETTS is an estimate of value, not an offer and not an appraisal.
- How much income does BETTS generate in a year?
- BETTS is forecast to net about $85K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BETTS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sonat Exploration Company -Tyler |
|---|---|
| Field | Alabama Ferry (Glenrose D, West) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 03063 |
| Wellbores | 1 |
| Reported production | 30,796 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $444K |
Where BETTS 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.