FLORENCE
FLORENCE is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Henry Petroleum LP. It has 10 wellbores on file with the Commission. Reported production runs from June 2007 to August 2026, totalling 833,530 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 $1.8M, with roughly $483K 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 657 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was May 2016, at 6,704 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 FLORENCE
- Who operates FLORENCE?
- FLORENCE is operated by Henry Petroleum LP, Railroad Commission of Texas operator number 378642.
- Where is FLORENCE?
- FLORENCE is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16311.
- Is FLORENCE still producing?
- FLORENCE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FLORENCE is August 2026.
- How much has FLORENCE produced?
- FLORENCE has reported 833,530 barrels of oil (bbl) to the Railroad Commission of Texas between June 2007 and August 2026, from 10 wellbores.
- How much is FLORENCE worth?
- The remaining production from FLORENCE is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FLORENCE is a fraction of it. The estimate fits an Arps decline curve to the production FLORENCE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FLORENCE is an estimate of value, not an offer and not an appraisal.
- How much income does FLORENCE generate in a year?
- FLORENCE is forecast to net about $483K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FLORENCE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Petroleum LP |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 16311 |
| Wellbores | 10 |
| Reported production | 833,530 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where FLORENCE 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.