FASKEN 1F
FASKEN 1F is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Ovintiv USA Inc. It has 3 wellbores on file with the Commission. Reported production runs from April 2024 to August 2026, totalling 1,215,681 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 $37.3M, with roughly $12.9M 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 19,777 barrels a month, about 6,592 per wellbore. Its strongest month on the record we hold was May 2024, at 147,407 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 FASKEN 1F
- Who operates FASKEN 1F?
- FASKEN 1F is operated by Ovintiv USA Inc., Railroad Commission of Texas operator number 628658.
- Where is FASKEN 1F?
- FASKEN 1F is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 62441.
- Is FASKEN 1F still producing?
- FASKEN 1F is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FASKEN 1F is August 2026.
- How much has FASKEN 1F produced?
- FASKEN 1F has reported 1,215,681 barrels of oil (bbl) to the Railroad Commission of Texas between April 2024 and August 2026, from 3 wellbores.
- How much is FASKEN 1F worth?
- The remaining production from FASKEN 1F is estimated to be worth about $37.3M in total as of 27 August 2026, within a range of $30.6M to $44.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FASKEN 1F is a fraction of it. The estimate fits an Arps decline curve to the production FASKEN 1F has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FASKEN 1F is an estimate of value, not an offer and not an appraisal.
- How much income does FASKEN 1F generate in a year?
- FASKEN 1F is forecast to net about $12.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FASKEN 1F receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ovintiv USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 62441 |
| Wellbores | 3 |
| Reported production | 1,215,681 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $37.3M |
Where FASKEN 1F 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.