WARD
WARD is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Ful-Hill Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 31,822 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 $186K, with roughly $36K 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 34 barrels a month. Its strongest month on the record we hold was March 2026, at 272 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 WARD
- Who operates WARD?
- WARD is operated by Ful-Hill Oil & Gas, Inc., Railroad Commission of Texas operator number 288490.
- Where is WARD?
- WARD is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 12089.
- Is WARD still producing?
- WARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WARD is August 2026.
- How much has WARD produced?
- WARD has reported 31,822 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WARD worth?
- The remaining production from WARD is estimated to be worth about $186K in total as of 26 August 2026, within a range of $102K to $270K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WARD is a fraction of it. The estimate fits an Arps decline curve to the production WARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WARD is an estimate of value, not an offer and not an appraisal.
- How much income does WARD generate in a year?
- WARD is forecast to net about $36K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ful-Hill Oil & Gas, Inc. |
|---|---|
| Field | Delaney (Rodessa, Upper) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 12089 |
| Wellbores | 1 |
| Reported production | 31,822 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $186K |
Where WARD 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.