FORMAN
FORMAN is a Texas oil lease in Wise County, Railroad Commission district 09, operated by Stephens & Johnson Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 23,284 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 $58K, with roughly $11K 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 barrels a month. Its strongest month on the record we hold was March 2024, at 36 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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
- Who operates FORMAN?
- FORMAN is operated by Stephens & Johnson Operating Co., Railroad Commission of Texas operator number 817555.
- Where is FORMAN?
- FORMAN is a Texas oil lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 22111.
- Is FORMAN still producing?
- FORMAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FORMAN is August 2026.
- How much has FORMAN produced?
- FORMAN has reported 23,284 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FORMAN worth?
- The remaining production from FORMAN is estimated to be worth about $58K in total as of 26 August 2026, within a range of $32K to $84K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FORMAN is a fraction of it. The estimate fits an Arps decline curve to the production FORMAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FORMAN is an estimate of value, not an offer and not an appraisal.
- How much income does FORMAN generate in a year?
- FORMAN is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FORMAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens & Johnson Operating Co. |
|---|---|
| Field | Alvord (Atoka Conglomerate) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 22111 |
| Wellbores | 1 |
| Reported production | 23,284 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $58K |
Where FORMAN 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.