FRASS 21
FRASS 21 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by SGP Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2024 to August 2026, totalling 1,103 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 $141K, with roughly $27K 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 29 barrels a month. Its strongest month on the record we hold was August 2024, at 224 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 FRASS 21
- Who operates FRASS 21?
- FRASS 21 is operated by SGP Operating LLC, Railroad Commission of Texas operator number 767966.
- Where is FRASS 21?
- FRASS 21 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09855.
- Is FRASS 21 still producing?
- FRASS 21 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRASS 21 is August 2026.
- How much has FRASS 21 produced?
- FRASS 21 has reported 1,103 barrels of oil (bbl) to the Railroad Commission of Texas between May 2024 and August 2026, from 1 wellbore.
- How much is FRASS 21 worth?
- The remaining production from FRASS 21 is estimated to be worth about $141K in total as of 27 August 2026, within a range of $78K to $204K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRASS 21 is a fraction of it. The estimate fits an Arps decline curve to the production FRASS 21 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRASS 21 is an estimate of value, not an offer and not an appraisal.
- How much income does FRASS 21 generate in a year?
- FRASS 21 is forecast to net about $27K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FRASS 21 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SGP Operating LLC |
|---|---|
| Field | Frass (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 09855 |
| Wellbores | 1 |
| Reported production | 1,103 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $141K |
Where FRASS 21 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.