FORBAU 265
FORBAU 265 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 83,453 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 $973K, with roughly $172K 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 193 barrels a month. Its strongest month on the record we hold was August 2016, at 903 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 FORBAU 265
- Who operates FORBAU 265?
- FORBAU 265 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is FORBAU 265?
- FORBAU 265 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09038.
- Is FORBAU 265 still producing?
- FORBAU 265 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FORBAU 265 is August 2026.
- How much has FORBAU 265 produced?
- FORBAU 265 has reported 83,453 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 1 wellbore.
- How much is FORBAU 265 worth?
- The remaining production from FORBAU 265 is estimated to be worth about $973K in total as of 27 August 2026, within a range of $759K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FORBAU 265 is a fraction of it. The estimate fits an Arps decline curve to the production FORBAU 265 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FORBAU 265 is an estimate of value, not an offer and not an appraisal.
- How much income does FORBAU 265 generate in a year?
- FORBAU 265 is forecast to net about $172K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FORBAU 265 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09038 |
| Wellbores | 1 |
| Reported production | 83,453 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $973K |
Where FORBAU 265 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.