FAYTH 38E
FAYTH 38E is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Encana Oil & Gas(USA) Inc. It has 2 wellbores on file with the Commission. Reported production runs from August 2018 to August 2026, totalling 751,051 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 $9.1M, with roughly $2.1M 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 2,641 barrels a month, about 1,320 per wellbore. Its strongest month on the record we hold was September 2018, at 65,930 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 FAYTH 38E
- Who operates FAYTH 38E?
- FAYTH 38E is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is FAYTH 38E?
- FAYTH 38E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50930.
- Is FAYTH 38E still producing?
- FAYTH 38E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAYTH 38E is August 2026.
- How much has FAYTH 38E produced?
- FAYTH 38E has reported 751,051 barrels of oil (bbl) to the Railroad Commission of Texas between August 2018 and August 2026, from 2 wellbores.
- How much is FAYTH 38E worth?
- The remaining production from FAYTH 38E is estimated to be worth about $9.1M in total as of 26 August 2026, within a range of $7.6M to $10.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAYTH 38E is a fraction of it. The estimate fits an Arps decline curve to the production FAYTH 38E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAYTH 38E is an estimate of value, not an offer and not an appraisal.
- How much income does FAYTH 38E generate in a year?
- FAYTH 38E is forecast to net about $2.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FAYTH 38E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 50930 |
| Wellbores | 2 |
| Reported production | 751,051 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.1M |
Where FAYTH 38E 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.