BARBARO 119-120 M
BARBARO 119-120 M is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Manti Tarka Permian Op, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2025 to August 2026, totalling 98,125 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 $56.9M, with roughly $12.6M 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 16,953 barrels a month. Its strongest month on the record we hold was March 2026, at 18,443 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 BARBARO 119-120 M
- Who operates BARBARO 119-120 M?
- BARBARO 119-120 M is operated by Manti Tarka Permian Op, LLC, Railroad Commission of Texas operator number 524907.
- Where is BARBARO 119-120 M?
- BARBARO 119-120 M is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64941.
- Is BARBARO 119-120 M still producing?
- BARBARO 119-120 M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BARBARO 119-120 M is August 2026.
- How much has BARBARO 119-120 M produced?
- BARBARO 119-120 M has reported 98,125 barrels of oil (bbl) to the Railroad Commission of Texas between December 2025 and August 2026, from 1 wellbore.
- How much is BARBARO 119-120 M worth?
- The remaining production from BARBARO 119-120 M is estimated to be worth about $56.9M in total as of 27 August 2026, within a range of $46.6M to $67.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BARBARO 119-120 M is a fraction of it. The estimate fits an Arps decline curve to the production BARBARO 119-120 M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BARBARO 119-120 M is an estimate of value, not an offer and not an appraisal.
- How much income does BARBARO 119-120 M generate in a year?
- BARBARO 119-120 M is forecast to net about $12.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BARBARO 119-120 M receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Manti Tarka Permian Op, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 64941 |
| Wellbores | 1 |
| Reported production | 98,125 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $56.9M |
Where BARBARO 119-120 M 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.