EICOFF 29
EICOFF 29 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Fasken Oil And Ranch, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 469,158 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 $5.7M, with roughly $1.6M 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 2,024 barrels a month. Its strongest month on the record we hold was March 2019, at 21,527 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 EICOFF 29
- Who operates EICOFF 29?
- EICOFF 29 is operated by Fasken Oil And Ranch, Ltd., Railroad Commission of Texas operator number 263696.
- Where is EICOFF 29?
- EICOFF 29 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51803.
- Is EICOFF 29 still producing?
- EICOFF 29 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EICOFF 29 is August 2026.
- How much has EICOFF 29 produced?
- EICOFF 29 has reported 469,158 barrels of oil (bbl) to the Railroad Commission of Texas between December 2018 and August 2026, from 1 wellbore.
- How much is EICOFF 29 worth?
- The remaining production from EICOFF 29 is estimated to be worth about $5.7M in total as of 26 August 2026, within a range of $4.7M to $6.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EICOFF 29 is a fraction of it. The estimate fits an Arps decline curve to the production EICOFF 29 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EICOFF 29 is an estimate of value, not an offer and not an appraisal.
- How much income does EICOFF 29 generate in a year?
- EICOFF 29 is forecast to net about $1.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in EICOFF 29 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fasken Oil And Ranch, Ltd. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 51803 |
| Wellbores | 1 |
| Reported production | 469,158 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.7M |
Where EICOFF 29 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.