BANDIT
BANDIT is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Headington Energy Partners, LLC. It has 6 wellbores on file with the Commission. Reported production runs from December 2019 to August 2026, totalling 2,226,678 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 $11.4M, with roughly $5.3M 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 6,646 barrels a month, about 1,108 per wellbore. Its strongest month on the record we hold was November 2020, at 118,112 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BANDIT
- Who operates BANDIT?
- BANDIT is operated by Headington Energy Partners, LLC, Railroad Commission of Texas operator number 370061.
- Where is BANDIT?
- BANDIT is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20921.
- Is BANDIT still producing?
- BANDIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BANDIT is August 2026.
- How much has BANDIT produced?
- BANDIT has reported 2,226,678 barrels of oil (bbl) to the Railroad Commission of Texas between December 2019 and August 2026, from 6 wellbores.
- How much is BANDIT worth?
- The remaining production from BANDIT is estimated to be worth about $11.4M in total as of 27 August 2026, within a range of $9.5M to $13.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BANDIT is a fraction of it. The estimate fits an Arps decline curve to the production BANDIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BANDIT is an estimate of value, not an offer and not an appraisal.
- How much income does BANDIT generate in a year?
- BANDIT is forecast to net about $5.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BANDIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Headington Energy Partners, LLC |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 20921 |
| Wellbores | 6 |
| Reported production | 2,226,678 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.4M |
Where BANDIT 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.