FLETCHER 3
FLETCHER 3 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Lario Oil & Gas Company. It has 2 wellbores on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 478,613 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 $8.0M, with roughly $2.2M 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 3,315 barrels a month, about 1,657 per wellbore. Its strongest month on the record we hold was January 2020, at 18,253 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 FLETCHER 3
- Who operates FLETCHER 3?
- FLETCHER 3 is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is FLETCHER 3?
- FLETCHER 3 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54501.
- Is FLETCHER 3 still producing?
- FLETCHER 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FLETCHER 3 is August 2026.
- How much has FLETCHER 3 produced?
- FLETCHER 3 has reported 478,613 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 2 wellbores.
- How much is FLETCHER 3 worth?
- The remaining production from FLETCHER 3 is estimated to be worth about $8.0M in total as of 27 August 2026, within a range of $6.6M to $9.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FLETCHER 3 is a fraction of it. The estimate fits an Arps decline curve to the production FLETCHER 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FLETCHER 3 is an estimate of value, not an offer and not an appraisal.
- How much income does FLETCHER 3 generate in a year?
- FLETCHER 3 is forecast to net about $2.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FLETCHER 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lario Oil & Gas Company |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 54501 |
| Wellbores | 2 |
| Reported production | 478,613 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.0M |
Where FLETCHER 3 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.