BETH
BETH is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Petroplex Energy Inc. It has 2 wellbores on file with the Commission. Reported production runs from March 2004 to August 2026, totalling 127,984 barrels. The lease is intermittent. 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 $59K, with roughly $11K 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 5 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was July 2024, at 1,281 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 BETH
- Who operates BETH?
- BETH is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is BETH?
- BETH is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37279.
- Is BETH still producing?
- BETH is intermittent. The most recent month of production reported to the Railroad Commission of Texas for BETH is August 2026.
- How much has BETH produced?
- BETH has reported 127,984 barrels of oil (bbl) to the Railroad Commission of Texas between March 2004 and August 2026, from 2 wellbores.
- How much is BETH worth?
- The remaining production from BETH is estimated to be worth about $59K in total as of 26 August 2026, within a range of $0 to $118K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BETH is a fraction of it. The estimate fits an Arps decline curve to the production BETH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BETH is an estimate of value, not an offer and not an appraisal.
- How much income does BETH generate in a year?
- BETH is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BETH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 37279 |
| Wellbores | 2 |
| Reported production | 127,984 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $59K |
Where BETH 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.