BUSBY
BUSBY is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Apache Corporation. It has 4 wellbores on file with the Commission. Reported production runs from August 2024 to August 2026, totalling 1,300,602 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 $16.5M, with roughly $12.3M 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 37,355 barrels a month, about 9,339 per wellbore. Its strongest month on the record we hold was November 2024, at 126,215 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 BUSBY
- Who operates BUSBY?
- BUSBY is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is BUSBY?
- BUSBY is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61987.
- Is BUSBY still producing?
- BUSBY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUSBY is August 2026.
- How much has BUSBY produced?
- BUSBY has reported 1,300,602 barrels of oil (bbl) to the Railroad Commission of Texas between August 2024 and August 2026, from 4 wellbores.
- How much is BUSBY worth?
- The remaining production from BUSBY is estimated to be worth about $16.5M in total as of 26 August 2026, within a range of $13.5M to $19.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUSBY is a fraction of it. The estimate fits an Arps decline curve to the production BUSBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUSBY is an estimate of value, not an offer and not an appraisal.
- How much income does BUSBY generate in a year?
- BUSBY is forecast to net about $12.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUSBY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 61987 |
| Wellbores | 4 |
| Reported production | 1,300,602 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16.5M |
Where BUSBY 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.