FORMAN B
FORMAN B is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Encana Oil & Gas(USA) Inc. It has 4 wellbores on file with the Commission. Reported production runs from August 2007 to August 2026, totalling 29,728 barrels. The lease is intermittent. 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 $556K, with roughly $72K 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 3 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was August 2016, at 93 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 FORMAN B
- Who operates FORMAN B?
- FORMAN B is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is FORMAN B?
- FORMAN B is a Texas oil lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31025.
- Is FORMAN B still producing?
- FORMAN B is intermittent. The most recent month of production reported to the Railroad Commission of Texas for FORMAN B is August 2026.
- How much has FORMAN B produced?
- FORMAN B has reported 29,728 barrels of oil (bbl) to the Railroad Commission of Texas between August 2007 and August 2026, from 4 wellbores.
- How much is FORMAN B worth?
- The remaining production from FORMAN B is estimated to be worth about $556K in total as of 26 August 2026, within a range of $0 to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FORMAN B is a fraction of it. The estimate fits an Arps decline curve to the production FORMAN B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FORMAN B is an estimate of value, not an offer and not an appraisal.
- How much income does FORMAN B generate in a year?
- FORMAN B is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FORMAN B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 31025 |
| Wellbores | 4 |
| Reported production | 29,728 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $556K |
Where FORMAN B 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.