FARMS
FARMS is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Trilogy Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2011 to August 2026, totalling 63,411 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 $911K, with roughly $204K 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 342 barrels a month. Its strongest month on the record we hold was November 2022, at 622 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 FARMS
- Who operates FARMS?
- FARMS is operated by Trilogy Operating, Inc., Railroad Commission of Texas operator number 869713.
- Where is FARMS?
- FARMS is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41847.
- Is FARMS still producing?
- FARMS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FARMS is August 2026.
- How much has FARMS produced?
- FARMS has reported 63,411 barrels of oil (bbl) to the Railroad Commission of Texas between September 2011 and August 2026, from 1 wellbore.
- How much is FARMS worth?
- The remaining production from FARMS is estimated to be worth about $911K in total as of 26 August 2026, within a range of $711K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FARMS is a fraction of it. The estimate fits an Arps decline curve to the production FARMS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FARMS is an estimate of value, not an offer and not an appraisal.
- How much income does FARMS generate in a year?
- FARMS is forecast to net about $204K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FARMS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Trilogy Operating, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 41847 |
| Wellbores | 1 |
| Reported production | 63,411 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $911K |
Where FARMS 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.