POOR FARM -B-
POOR FARM -B- is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Abraxas Production Corporation. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 162,881 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 $790K, with roughly $205K 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 329 barrels a month, about 33 per wellbore. Its strongest month on the record we hold was May 2016, at 1,089 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 POOR FARM -B-
- Who operates POOR FARM -B-?
- POOR FARM -B- is operated by Abraxas Production Corporation, Railroad Commission of Texas operator number 003140.
- Where is POOR FARM -B-?
- POOR FARM -B- is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 27820.
- Is POOR FARM -B- still producing?
- POOR FARM -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POOR FARM -B- is August 2026.
- How much has POOR FARM -B- produced?
- POOR FARM -B- has reported 162,881 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is POOR FARM -B- worth?
- The remaining production from POOR FARM -B- is estimated to be worth about $790K in total as of 27 August 2026, within a range of $616K to $963K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POOR FARM -B- is a fraction of it. The estimate fits an Arps decline curve to the production POOR FARM -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POOR FARM -B- is an estimate of value, not an offer and not an appraisal.
- How much income does POOR FARM -B- generate in a year?
- POOR FARM -B- is forecast to net about $205K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POOR FARM -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Production Corporation |
|---|---|
| Field | Turner-Gregory (Clear Fork) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 27820 |
| Wellbores | 10 |
| Reported production | 162,881 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $790K |
Where POOR FARM -B- 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.