ARGONAUT
ARGONAUT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 1 wellbore on file with the Commission. Reported production runs from May 1999 to August 2026, totalling 50,326 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 $213K, with roughly $41K 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 54 barrels a month. Its strongest month on the record we hold was January 2020, at 498 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 ARGONAUT
- Who operates ARGONAUT?
- ARGONAUT is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is ARGONAUT?
- ARGONAUT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46828.
- Is ARGONAUT still producing?
- ARGONAUT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARGONAUT is August 2026.
- How much has ARGONAUT produced?
- ARGONAUT has reported 50,326 barrels of oil (bbl) to the Railroad Commission of Texas between May 1999 and August 2026, from 1 wellbore.
- How much is ARGONAUT worth?
- The remaining production from ARGONAUT is estimated to be worth about $213K in total as of 26 August 2026, within a range of $117K to $310K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARGONAUT is a fraction of it. The estimate fits an Arps decline curve to the production ARGONAUT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARGONAUT is an estimate of value, not an offer and not an appraisal.
- How much income does ARGONAUT generate in a year?
- ARGONAUT is forecast to net about $41K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ARGONAUT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Energy Resources L.P. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 46828 |
| Wellbores | 1 |
| Reported production | 50,326 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $213K |
Where ARGONAUT 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.