BOBO
BOBO is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Mercury Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2017 to August 2026, totalling 16,289 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 $456K, with roughly $86K 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 119 barrels a month. Its strongest month on the record we hold was May 2022, at 353 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 BOBO
- Who operates BOBO?
- BOBO is operated by Mercury Operating, LLC, Railroad Commission of Texas operator number 560337.
- Where is BOBO?
- BOBO is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32185.
- Is BOBO still producing?
- BOBO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BOBO is August 2026.
- How much has BOBO produced?
- BOBO has reported 16,289 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 1 wellbore.
- How much is BOBO worth?
- The remaining production from BOBO is estimated to be worth about $456K in total as of 26 August 2026, within a range of $356K to $556K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BOBO is a fraction of it. The estimate fits an Arps decline curve to the production BOBO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BOBO is an estimate of value, not an offer and not an appraisal.
- How much income does BOBO generate in a year?
- BOBO is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BOBO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mercury Operating, LLC |
|---|---|
| Field | Estaban (Canyon) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 32185 |
| Wellbores | 1 |
| Reported production | 16,289 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $456K |
Where BOBO 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.