BABE 940
BABE 940 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from March 2012 to August 2026, totalling 81,295 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 $1.0M, with roughly $166K 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 125 barrels a month, about 63 per wellbore. Its strongest month on the record we hold was June 2016, at 535 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 BABE 940
- Who operates BABE 940?
- BABE 940 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is BABE 940?
- BABE 940 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08718.
- Is BABE 940 still producing?
- BABE 940 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BABE 940 is August 2026.
- How much has BABE 940 produced?
- BABE 940 has reported 81,295 barrels of oil (bbl) to the Railroad Commission of Texas between March 2012 and August 2026, from 2 wellbores.
- How much is BABE 940 worth?
- The remaining production from BABE 940 is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $806K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BABE 940 is a fraction of it. The estimate fits an Arps decline curve to the production BABE 940 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BABE 940 is an estimate of value, not an offer and not an appraisal.
- How much income does BABE 940 generate in a year?
- BABE 940 is forecast to net about $166K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BABE 940 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Holmes Exploration, LLC |
|---|---|
| Field | Kiowa Creek (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08718 |
| Wellbores | 2 |
| Reported production | 81,295 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where BABE 940 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.