FLORENCE 16
FLORENCE 16 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2002 to August 2026, totalling 18,937 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 $460K, with roughly $66K 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 28 barrels a month. Its strongest month on the record we hold was December 2016, at 112 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 FLORENCE 16
- Who operates FLORENCE 16?
- FLORENCE 16 is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is FLORENCE 16?
- FLORENCE 16 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 15238.
- Is FLORENCE 16 still producing?
- FLORENCE 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FLORENCE 16 is August 2026.
- How much has FLORENCE 16 produced?
- FLORENCE 16 has reported 18,937 barrels of oil (bbl) to the Railroad Commission of Texas between January 2002 and August 2026, from 1 wellbore.
- How much is FLORENCE 16 worth?
- The remaining production from FLORENCE 16 is estimated to be worth about $460K in total as of 26 August 2026, within a range of $253K to $666K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FLORENCE 16 is a fraction of it. The estimate fits an Arps decline curve to the production FLORENCE 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FLORENCE 16 is an estimate of value, not an offer and not an appraisal.
- How much income does FLORENCE 16 generate in a year?
- FLORENCE 16 is forecast to net about $66K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FLORENCE 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Amacker-Tippett, W. (Bend) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 15238 |
| Wellbores | 1 |
| Reported production | 18,937 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $460K |
Where FLORENCE 16 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.