FOSTER 248
FOSTER 248 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Chalker Operating Inc. It has 2 wellbores on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 121,467 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 $831K, with roughly $124K 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 71 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was August 2017, at 462 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 FOSTER 248
- Who operates FOSTER 248?
- FOSTER 248 is operated by Chalker Operating Inc., Railroad Commission of Texas operator number 142283.
- Where is FOSTER 248?
- FOSTER 248 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08304.
- Is FOSTER 248 still producing?
- FOSTER 248 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOSTER 248 is August 2026.
- How much has FOSTER 248 produced?
- FOSTER 248 has reported 121,467 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 2 wellbores.
- How much is FOSTER 248 worth?
- The remaining production from FOSTER 248 is estimated to be worth about $831K in total as of 26 August 2026, within a range of $457K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOSTER 248 is a fraction of it. The estimate fits an Arps decline curve to the production FOSTER 248 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOSTER 248 is an estimate of value, not an offer and not an appraisal.
- How much income does FOSTER 248 generate in a year?
- FOSTER 248 is forecast to net about $124K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FOSTER 248 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chalker Operating Inc. |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08304 |
| Wellbores | 2 |
| Reported production | 121,467 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $831K |
Where FOSTER 248 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.