FUNK
FUNK is a Texas oil lease in Tom Green County, Railroad Commission district 7C, operated by Banner Operating, LLC. It has 17 wellbores on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 79,214 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 $703K, with roughly $135K 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 213 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was October 2019, at 641 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 FUNK
- Who operates FUNK?
- FUNK is operated by Banner Operating, LLC, Railroad Commission of Texas operator number 048537.
- Where is FUNK?
- FUNK is a Texas oil lease in Tom Green County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17419.
- Is FUNK still producing?
- FUNK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FUNK is August 2026.
- How much has FUNK produced?
- FUNK has reported 79,214 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 17 wellbores.
- How much is FUNK worth?
- The remaining production from FUNK is estimated to be worth about $703K in total as of 27 August 2026, within a range of $549K to $858K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FUNK is a fraction of it. The estimate fits an Arps decline curve to the production FUNK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FUNK is an estimate of value, not an offer and not an appraisal.
- How much income does FUNK generate in a year?
- FUNK is forecast to net about $135K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FUNK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Banner Operating, LLC |
|---|---|
| Field | Funk (San Andres) |
| County | Tom Green County, Texas |
| RRC district | 7C |
| Lease number | 17419 |
| Wellbores | 17 |
| Reported production | 79,214 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $703K |
Where FUNK 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.