APC FEE 1-38 UNIT
APC FEE 1-38 UNIT is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Anadarko E&P Onshore LLC. It has 2 wellbores on file with the Commission. Reported production runs from November 2016 to August 2026, totalling 145,901 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 $112K, with roughly $86K 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 340 barrels a month, about 170 per wellbore. Its strongest month on the record we hold was March 2017, at 4,448 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 APC FEE 1-38 UNIT
- Who operates APC FEE 1-38 UNIT?
- APC FEE 1-38 UNIT is operated by Anadarko E&P Onshore LLC, Railroad Commission of Texas operator number 020528.
- Where is APC FEE 1-38 UNIT?
- APC FEE 1-38 UNIT is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48404.
- Is APC FEE 1-38 UNIT still producing?
- APC FEE 1-38 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for APC FEE 1-38 UNIT is August 2026.
- How much has APC FEE 1-38 UNIT produced?
- APC FEE 1-38 UNIT has reported 145,901 barrels of oil (bbl) to the Railroad Commission of Texas between November 2016 and August 2026, from 2 wellbores.
- How much is APC FEE 1-38 UNIT worth?
- The remaining production from APC FEE 1-38 UNIT is estimated to be worth about $112K in total as of 26 August 2026, within a range of $87K to $136K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in APC FEE 1-38 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production APC FEE 1-38 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for APC FEE 1-38 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does APC FEE 1-38 UNIT generate in a year?
- APC FEE 1-38 UNIT is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in APC FEE 1-38 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Onshore LLC |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 48404 |
| Wellbores | 2 |
| Reported production | 145,901 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $112K |
Where APC FEE 1-38 UNIT 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.