RITCHEY, FLOYD
RITCHEY, FLOYD is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Lem Operating Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 11,381 barrels. The lease is intermittent. 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 $120K, with roughly $23K 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 24 barrels a month. Its strongest month on the record we hold was November 2025, at 158 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 RITCHEY, FLOYD
- Who operates RITCHEY, FLOYD?
- RITCHEY, FLOYD is operated by Lem Operating Co., Inc., Railroad Commission of Texas operator number 496350.
- Where is RITCHEY, FLOYD?
- RITCHEY, FLOYD is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 23097.
- Is RITCHEY, FLOYD still producing?
- RITCHEY, FLOYD is intermittent. The most recent month of production reported to the Railroad Commission of Texas for RITCHEY, FLOYD is August 2026.
- How much has RITCHEY, FLOYD produced?
- RITCHEY, FLOYD has reported 11,381 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RITCHEY, FLOYD worth?
- The remaining production from RITCHEY, FLOYD is estimated to be worth about $120K in total as of 26 August 2026, within a range of $66K to $173K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RITCHEY, FLOYD is a fraction of it. The estimate fits an Arps decline curve to the production RITCHEY, FLOYD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RITCHEY, FLOYD is an estimate of value, not an offer and not an appraisal.
- How much income does RITCHEY, FLOYD generate in a year?
- RITCHEY, FLOYD is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RITCHEY, FLOYD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lem Operating Co., Inc. |
|---|---|
| Field | Westbrook |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 23097 |
| Wellbores | 1 |
| Reported production | 11,381 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $120K |
Where RITCHEY, FLOYD 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.