KOONCE FARMS "15"
KOONCE FARMS "15" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 2 wellbores on file with the Commission. Reported production runs from January 2011 to August 2026, totalling 145,888 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 $902K, with roughly $167K 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 286 barrels a month, about 143 per wellbore. Its strongest month on the record we hold was July 2017, at 2,116 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 KOONCE FARMS "15"
- Who operates KOONCE FARMS "15"?
- KOONCE FARMS "15" is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is KOONCE FARMS "15"?
- KOONCE FARMS "15" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40770.
- Is KOONCE FARMS "15" still producing?
- KOONCE FARMS "15" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KOONCE FARMS "15" is August 2026.
- How much has KOONCE FARMS "15" produced?
- KOONCE FARMS "15" has reported 145,888 barrels of oil (bbl) to the Railroad Commission of Texas between January 2011 and August 2026, from 2 wellbores.
- How much is KOONCE FARMS "15" worth?
- The remaining production from KOONCE FARMS "15" is estimated to be worth about $902K in total as of 27 August 2026, within a range of $703K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KOONCE FARMS "15" is a fraction of it. The estimate fits an Arps decline curve to the production KOONCE FARMS "15" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KOONCE FARMS "15" is an estimate of value, not an offer and not an appraisal.
- How much income does KOONCE FARMS "15" generate in a year?
- KOONCE FARMS "15" is forecast to net about $167K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KOONCE FARMS "15" 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 | 40770 |
| Wellbores | 2 |
| Reported production | 145,888 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $902K |
Where KOONCE FARMS "15" 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.