ALETHA 20
ALETHA 20 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Firebird Energy II LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2023 to August 2026, totalling 175,348 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 $5.5M, with roughly $1.7M 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 2,561 barrels a month. Its strongest month on the record we hold was January 2024, at 26,920 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 ALETHA 20
- Who operates ALETHA 20?
- ALETHA 20 is operated by Firebird Energy II LLC, Railroad Commission of Texas operator number 101413.
- Where is ALETHA 20?
- ALETHA 20 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22097.
- Is ALETHA 20 still producing?
- ALETHA 20 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALETHA 20 is August 2026.
- How much has ALETHA 20 produced?
- ALETHA 20 has reported 175,348 barrels of oil (bbl) to the Railroad Commission of Texas between March 2023 and August 2026, from 1 wellbore.
- How much is ALETHA 20 worth?
- The remaining production from ALETHA 20 is estimated to be worth about $5.5M in total as of 26 August 2026, within a range of $4.6M to $6.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALETHA 20 is a fraction of it. The estimate fits an Arps decline curve to the production ALETHA 20 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALETHA 20 is an estimate of value, not an offer and not an appraisal.
- How much income does ALETHA 20 generate in a year?
- ALETHA 20 is forecast to net about $1.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALETHA 20 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Firebird Energy II LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 22097 |
| Wellbores | 1 |
| Reported production | 175,348 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.5M |
Where ALETHA 20 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.