BUCHANAN 35
BUCHANAN 35 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Cox, John L. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 73,885 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 $665K, with roughly $192K 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 273 barrels a month, about 136 per wellbore. Its strongest month on the record we hold was March 2024, at 1,129 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 BUCHANAN 35
- Who operates BUCHANAN 35?
- BUCHANAN 35 is operated by Cox, John L., Railroad Commission of Texas operator number 185980.
- Where is BUCHANAN 35?
- BUCHANAN 35 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 21513.
- Is BUCHANAN 35 still producing?
- BUCHANAN 35 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUCHANAN 35 is August 2026.
- How much has BUCHANAN 35 produced?
- BUCHANAN 35 has reported 73,885 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is BUCHANAN 35 worth?
- The remaining production from BUCHANAN 35 is estimated to be worth about $665K in total as of 26 August 2026, within a range of $518K to $811K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUCHANAN 35 is a fraction of it. The estimate fits an Arps decline curve to the production BUCHANAN 35 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUCHANAN 35 is an estimate of value, not an offer and not an appraisal.
- How much income does BUCHANAN 35 generate in a year?
- BUCHANAN 35 is forecast to net about $192K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUCHANAN 35 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cox, John L. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 21513 |
| Wellbores | 2 |
| Reported production | 73,885 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $665K |
Where BUCHANAN 35 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.