KING 1077
KING 1077 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 January 2011 to August 2026, totalling 151,705 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 $421K, with roughly $68K 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 68 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was May 2017, at 491 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 KING 1077
- Who operates KING 1077?
- KING 1077 is operated by Holmes Exploration, LLC, Railroad Commission of Texas operator number 394700.
- Where is KING 1077?
- KING 1077 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08311.
- Is KING 1077 still producing?
- KING 1077 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING 1077 is August 2026.
- How much has KING 1077 produced?
- KING 1077 has reported 151,705 barrels of oil (bbl) to the Railroad Commission of Texas between January 2011 and August 2026, from 3 wellbores.
- How much is KING 1077 worth?
- The remaining production from KING 1077 is estimated to be worth about $421K in total as of 27 August 2026, within a range of $231K to $610K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING 1077 is a fraction of it. The estimate fits an Arps decline curve to the production KING 1077 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING 1077 is an estimate of value, not an offer and not an appraisal.
- How much income does KING 1077 generate in a year?
- KING 1077 is forecast to net about $68K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KING 1077 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 | 08311 |
| Wellbores | 3 |
| Reported production | 151,705 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $421K |
Where KING 1077 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.