BARRETT 1011
BARRETT 1011 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Exl Petroleum Operating Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2018 to August 2026, totalling 241,364 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 $2.3M, with roughly $640K 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 965 barrels a month. Its strongest month on the record we hold was August 2018, at 15,958 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 BARRETT 1011
- Who operates BARRETT 1011?
- BARRETT 1011 is operated by Exl Petroleum Operating Inc., Railroad Commission of Texas operator number 256795.
- Where is BARRETT 1011?
- BARRETT 1011 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50653.
- Is BARRETT 1011 still producing?
- BARRETT 1011 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BARRETT 1011 is August 2026.
- How much has BARRETT 1011 produced?
- BARRETT 1011 has reported 241,364 barrels of oil (bbl) to the Railroad Commission of Texas between June 2018 and August 2026, from 1 wellbore.
- How much is BARRETT 1011 worth?
- The remaining production from BARRETT 1011 is estimated to be worth about $2.3M in total as of 26 August 2026, within a range of $1.8M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BARRETT 1011 is a fraction of it. The estimate fits an Arps decline curve to the production BARRETT 1011 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BARRETT 1011 is an estimate of value, not an offer and not an appraisal.
- How much income does BARRETT 1011 generate in a year?
- BARRETT 1011 is forecast to net about $640K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BARRETT 1011 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exl Petroleum Operating Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 50653 |
| Wellbores | 1 |
| Reported production | 241,364 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where BARRETT 1011 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.