FULTON
FULTON is a Texas oil lease in Lubbock County, Railroad Commission district 8A, operated by Broadway Operating Company Inc. It has 3 wellbores on file with the Commission. Reported production runs from December 1999 to August 2026, totalling 63,250 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 $607K, with roughly $138K 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 256 barrels a month, about 85 per wellbore. Its strongest month on the record we hold was April 2022, at 375 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 FULTON
- Who operates FULTON?
- FULTON is operated by Broadway Operating Company Inc., Railroad Commission of Texas operator number 094871.
- Where is FULTON?
- FULTON is a Texas oil lease in Lubbock County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68143.
- Is FULTON still producing?
- FULTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FULTON is August 2026.
- How much has FULTON produced?
- FULTON has reported 63,250 barrels of oil (bbl) to the Railroad Commission of Texas between December 1999 and August 2026, from 3 wellbores.
- How much is FULTON worth?
- The remaining production from FULTON is estimated to be worth about $607K in total as of 26 August 2026, within a range of $473K to $740K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FULTON is a fraction of it. The estimate fits an Arps decline curve to the production FULTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FULTON is an estimate of value, not an offer and not an appraisal.
- How much income does FULTON generate in a year?
- FULTON is forecast to net about $138K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FULTON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Broadway Operating Company Inc. |
|---|---|
| Field | Smyer |
| County | Lubbock County, Texas |
| RRC district | 8A |
| Lease number | 68143 |
| Wellbores | 3 |
| Reported production | 63,250 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $607K |
Where FULTON 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.