FREEMAN 22
FREEMAN 22 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2011 to August 2026, totalling 120,220 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 $520K, with roughly $96K 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 115 barrels a month, about 58 per wellbore. Its strongest month on the record we hold was February 2017, at 1,049 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 FREEMAN 22
- Who operates FREEMAN 22?
- FREEMAN 22 is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is FREEMAN 22?
- FREEMAN 22 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42199.
- Is FREEMAN 22 still producing?
- FREEMAN 22 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FREEMAN 22 is August 2026.
- How much has FREEMAN 22 produced?
- FREEMAN 22 has reported 120,220 barrels of oil (bbl) to the Railroad Commission of Texas between July 2011 and August 2026, from 2 wellbores.
- How much is FREEMAN 22 worth?
- The remaining production from FREEMAN 22 is estimated to be worth about $520K in total as of 26 August 2026, within a range of $406K to $634K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FREEMAN 22 is a fraction of it. The estimate fits an Arps decline curve to the production FREEMAN 22 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FREEMAN 22 is an estimate of value, not an offer and not an appraisal.
- How much income does FREEMAN 22 generate in a year?
- FREEMAN 22 is forecast to net about $96K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FREEMAN 22 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 42199 |
| Wellbores | 2 |
| Reported production | 120,220 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $520K |
Where FREEMAN 22 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.