CHANCE 1086
CHANCE 1086 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Holmes Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2010 to August 2026, totalling 40,642 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 $739K, with roughly $137K 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 214 barrels a month. Its strongest month on the record we hold was December 2024, at 855 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 CHANCE 1086
- Who operates CHANCE 1086?
- CHANCE 1086 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is CHANCE 1086?
- CHANCE 1086 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08296.
- Is CHANCE 1086 still producing?
- CHANCE 1086 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHANCE 1086 is August 2026.
- How much has CHANCE 1086 produced?
- CHANCE 1086 has reported 40,642 barrels of oil (bbl) to the Railroad Commission of Texas between November 2010 and August 2026, from 1 wellbore.
- How much is CHANCE 1086 worth?
- The remaining production from CHANCE 1086 is estimated to be worth about $739K in total as of 27 August 2026, within a range of $577K to $902K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHANCE 1086 is a fraction of it. The estimate fits an Arps decline curve to the production CHANCE 1086 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHANCE 1086 is an estimate of value, not an offer and not an appraisal.
- How much income does CHANCE 1086 generate in a year?
- CHANCE 1086 is forecast to net about $137K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHANCE 1086 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 | 08296 |
| Wellbores | 1 |
| Reported production | 40,642 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $739K |
Where CHANCE 1086 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.