BUDDY 998
BUDDY 998 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 3 wellbores on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 390,361 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 $1.8M, with roughly $367K 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 388 barrels a month, about 129 per wellbore. Its strongest month on the record we hold was July 2017, at 1,414 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 BUDDY 998
- Who operates BUDDY 998?
- BUDDY 998 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is BUDDY 998?
- BUDDY 998 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 07938.
- Is BUDDY 998 still producing?
- BUDDY 998 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUDDY 998 is August 2026.
- How much has BUDDY 998 produced?
- BUDDY 998 has reported 390,361 barrels of oil (bbl) to the Railroad Commission of Texas between September 2008 and August 2026, from 3 wellbores.
- How much is BUDDY 998 worth?
- The remaining production from BUDDY 998 is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUDDY 998 is a fraction of it. The estimate fits an Arps decline curve to the production BUDDY 998 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUDDY 998 is an estimate of value, not an offer and not an appraisal.
- How much income does BUDDY 998 generate in a year?
- BUDDY 998 is forecast to net about $367K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BUDDY 998 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 | 07938 |
| Wellbores | 3 |
| Reported production | 390,361 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where BUDDY 998 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.