BLUE OX
BLUE OX is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Texon Oil Company, Inc. It has 10 wellbores on file with the Commission. Reported production runs from September 2005 to August 2026, totalling 412,094 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 $1.9M, with roughly $468K 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 615 barrels a month, about 62 per wellbore. Its strongest month on the record we hold was March 2018, at 1,628 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 BLUE OX
- Who operates BLUE OX?
- BLUE OX is operated by Texon Oil Company, Inc., Railroad Commission of Texas operator number 850648.
- Where is BLUE OX?
- BLUE OX is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37613.
- Is BLUE OX still producing?
- BLUE OX is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLUE OX is August 2026.
- How much has BLUE OX produced?
- BLUE OX has reported 412,094 barrels of oil (bbl) to the Railroad Commission of Texas between September 2005 and August 2026, from 10 wellbores.
- How much is BLUE OX worth?
- The remaining production from BLUE OX is estimated to be worth about $1.9M in total as of 26 August 2026, within a range of $1.5M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLUE OX is a fraction of it. The estimate fits an Arps decline curve to the production BLUE OX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLUE OX is an estimate of value, not an offer and not an appraisal.
- How much income does BLUE OX generate in a year?
- BLUE OX is forecast to net about $468K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BLUE OX receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texon Oil Company, Inc. |
|---|---|
| Field | Horned Toad (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 37613 |
| Wellbores | 10 |
| Reported production | 412,094 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where BLUE OX 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.