MASTERSON 87
MASTERSON 87 is a Texas oil lease in Potter County, Railroad Commission district 10, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 110,122 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 $1.2M, with roughly $246K 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 280 barrels a month. Its strongest month on the record we hold was July 2016, at 2,815 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 MASTERSON 87
- Who operates MASTERSON 87?
- MASTERSON 87 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is MASTERSON 87?
- MASTERSON 87 is a Texas oil lease in Potter County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09394.
- Is MASTERSON 87 still producing?
- MASTERSON 87 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MASTERSON 87 is August 2026.
- How much has MASTERSON 87 produced?
- MASTERSON 87 has reported 110,122 barrels of oil (bbl) to the Railroad Commission of Texas between May 2015 and August 2026, from 1 wellbore.
- How much is MASTERSON 87 worth?
- The remaining production from MASTERSON 87 is estimated to be worth about $1.2M in total as of 26 August 2026, within a range of $898K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MASTERSON 87 is a fraction of it. The estimate fits an Arps decline curve to the production MASTERSON 87 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MASTERSON 87 is an estimate of value, not an offer and not an appraisal.
- How much income does MASTERSON 87 generate in a year?
- MASTERSON 87 is forecast to net about $246K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MASTERSON 87 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Bivins Lit (Canyon Lime) |
| County | Potter County, Texas |
| RRC district | 10 |
| Lease number | 09394 |
| Wellbores | 1 |
| Reported production | 110,122 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where MASTERSON 87 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.