FRED, I.
FRED, I. is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Freedom Energy, Inc. (I). It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 56,286 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 $1.1M, with roughly $180K 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 181 barrels a month, about 91 per wellbore. Its strongest month on the record we hold was November 2024, at 343 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 FRED, I.
- Who operates FRED, I.?
- FRED, I. is operated by Freedom Energy, Inc. (I), Railroad Commission of Texas operator number 285088.
- Where is FRED, I.?
- FRED, I. is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 18183.
- Is FRED, I. still producing?
- FRED, I. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRED, I. is August 2026.
- How much has FRED, I. produced?
- FRED, I. has reported 56,286 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is FRED, I. worth?
- The remaining production from FRED, I. is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $879K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRED, I. is a fraction of it. The estimate fits an Arps decline curve to the production FRED, I. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRED, I. is an estimate of value, not an offer and not an appraisal.
- How much income does FRED, I. generate in a year?
- FRED, I. is forecast to net about $180K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FRED, I. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Freedom Energy, Inc. (I) |
|---|---|
| Field | Miller Block B-29 (Penn.) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 18183 |
| Wellbores | 2 |
| Reported production | 56,286 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where FRED, I. 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.