GLASS -B-
GLASS -B- is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Parapetroleum. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 19,291 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 $8K, with roughly $2K 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, about 1 per wellbore. Its strongest month on the record we hold was January 2019, at 3 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 GLASS -B-
- Who operates GLASS -B-?
- GLASS -B- is operated by Parapetroleum, Railroad Commission of Texas operator number 639070.
- Where is GLASS -B-?
- GLASS -B- is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20460.
- Is GLASS -B- still producing?
- GLASS -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLASS -B- is August 2026.
- How much has GLASS -B- produced?
- GLASS -B- has reported 19,291 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is GLASS -B- worth?
- The remaining production from GLASS -B- is estimated to be worth about $8K in total as of 27 August 2026, within a range of $0 to $16K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLASS -B- is a fraction of it. The estimate fits an Arps decline curve to the production GLASS -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLASS -B- is an estimate of value, not an offer and not an appraisal.
- How much income does GLASS -B- generate in a year?
- GLASS -B- is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GLASS -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parapetroleum |
|---|---|
| Field | Herrell, East (Queen Sand) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 20460 |
| Wellbores | 2 |
| Reported production | 19,291 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where GLASS -B- 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.