IBEX R
IBEX R is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Pendragon Oil Co. It has 1 wellbore on file with the Commission. Reported production runs from February 2016 to August 2026, totalling 551 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 $86K, with roughly $11K 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 2 barrels a month. Its strongest month on the record we hold was June 2016, at 32 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 IBEX R
- Who operates IBEX R?
- IBEX R is operated by Pendragon Oil Co., Railroad Commission of Texas operator number 651162.
- Where is IBEX R?
- IBEX R is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31944.
- Is IBEX R still producing?
- IBEX R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IBEX R is August 2026.
- How much has IBEX R produced?
- IBEX R has reported 551 barrels of oil (bbl) to the Railroad Commission of Texas between February 2016 and August 2026, from 1 wellbore.
- How much is IBEX R worth?
- The remaining production from IBEX R is estimated to be worth about $86K in total as of 26 August 2026, within a range of $0 to $173K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IBEX R is a fraction of it. The estimate fits an Arps decline curve to the production IBEX R has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IBEX R is an estimate of value, not an offer and not an appraisal.
- How much income does IBEX R generate in a year?
- IBEX R is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in IBEX R receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pendragon Oil Co. |
|---|---|
| Field | Ibex (Caddo Lime) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 31944 |
| Wellbores | 1 |
| Reported production | 551 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $86K |
Where IBEX R 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.