GOOD TIME
GOOD TIME is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Raw Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2009 to August 2026, totalling 108,875 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 $861K, with roughly $154K 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 182 barrels a month. Its strongest month on the record we hold was January 2017, at 418 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 GOOD TIME
- Who operates GOOD TIME?
- GOOD TIME is operated by Raw Oil & Gas, Inc., Railroad Commission of Texas operator number 694863.
- Where is GOOD TIME?
- GOOD TIME is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 69371.
- Is GOOD TIME still producing?
- GOOD TIME is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOOD TIME is August 2026.
- How much has GOOD TIME produced?
- GOOD TIME has reported 108,875 barrels of oil (bbl) to the Railroad Commission of Texas between January 2009 and August 2026, from 1 wellbore.
- How much is GOOD TIME worth?
- The remaining production from GOOD TIME is estimated to be worth about $861K in total as of 27 August 2026, within a range of $672K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOOD TIME is a fraction of it. The estimate fits an Arps decline curve to the production GOOD TIME has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOOD TIME is an estimate of value, not an offer and not an appraisal.
- How much income does GOOD TIME generate in a year?
- GOOD TIME is forecast to net about $154K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOOD TIME receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Raw Oil & Gas, Inc. |
|---|---|
| Field | Earnest (6500 Sand) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 69371 |
| Wellbores | 1 |
| Reported production | 108,875 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $861K |
Where GOOD TIME 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.