TEX Q
TEX Q is a Texas oil lease in Midland County, Railroad Commission district 7C, operated by Firebird Energy II LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2025 to August 2026, totalling 1,042,739 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 $22.1M, with roughly $20.0M 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 81,504 barrels a month. Its strongest month on the record we hold was September 2025, at 200,660 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 TEX Q
- Who operates TEX Q?
- TEX Q is operated by Firebird Energy II LLC, Railroad Commission of Texas operator number 101413.
- Where is TEX Q?
- TEX Q is a Texas oil lease in Midland County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23231.
- Is TEX Q still producing?
- TEX Q is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEX Q is August 2026.
- How much has TEX Q produced?
- TEX Q has reported 1,042,739 barrels of oil (bbl) to the Railroad Commission of Texas between May 2025 and August 2026, from 1 wellbore.
- How much is TEX Q worth?
- The remaining production from TEX Q is estimated to be worth about $22.1M in total as of 26 August 2026, within a range of $18.1M to $26.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEX Q is a fraction of it. The estimate fits an Arps decline curve to the production TEX Q has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEX Q is an estimate of value, not an offer and not an appraisal.
- How much income does TEX Q generate in a year?
- TEX Q is forecast to net about $20.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TEX Q receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Firebird Energy II LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 7C |
| Lease number | 23231 |
| Wellbores | 1 |
| Reported production | 1,042,739 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22.1M |
Where TEX Q 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.