FOXTROT
FOXTROT is a Texas oil lease in Sterling County, Railroad Commission district 7C, operated by Houghton Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2005 to August 2026, totalling 34,895 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 $476K, with roughly $87K 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 113 barrels a month. Its strongest month on the record we hold was August 2023, at 300 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 FOXTROT
- Who operates FOXTROT?
- FOXTROT is operated by Houghton Oil & Gas, Inc., Railroad Commission of Texas operator number 401921.
- Where is FOXTROT?
- FOXTROT is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 15924.
- Is FOXTROT still producing?
- FOXTROT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOXTROT is August 2026.
- How much has FOXTROT produced?
- FOXTROT has reported 34,895 barrels of oil (bbl) to the Railroad Commission of Texas between September 2005 and August 2026, from 1 wellbore.
- How much is FOXTROT worth?
- The remaining production from FOXTROT is estimated to be worth about $476K in total as of 26 August 2026, within a range of $371K to $581K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOXTROT is a fraction of it. The estimate fits an Arps decline curve to the production FOXTROT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOXTROT is an estimate of value, not an offer and not an appraisal.
- How much income does FOXTROT generate in a year?
- FOXTROT is forecast to net about $87K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FOXTROT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Houghton Oil & Gas, Inc. |
|---|---|
| Field | Probandt (Canyon) |
| County | Sterling County, Texas |
| RRC district | 7C |
| Lease number | 15924 |
| Wellbores | 1 |
| Reported production | 34,895 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $476K |
Where FOXTROT 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.