FELPS
FELPS is a Texas oil lease in Zavala County, Railroad Commission district 01, operated by Strand Energy, L.C. It has 1 wellbore on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 120,551 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 $675K, with roughly $241K 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 311 barrels a month. Its strongest month on the record we hold was December 2016, at 762 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 FELPS
- Who operates FELPS?
- FELPS is operated by Strand Energy, L.C., Railroad Commission of Texas operator number 824758.
- Where is FELPS?
- FELPS is a Texas oil lease in Zavala County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15441.
- Is FELPS still producing?
- FELPS is intermittent. The most recent month of production reported to the Railroad Commission of Texas for FELPS is August 2026.
- How much has FELPS produced?
- FELPS has reported 120,551 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 1 wellbore.
- How much is FELPS worth?
- The remaining production from FELPS is estimated to be worth about $675K in total as of 27 August 2026, within a range of $527K to $824K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FELPS is a fraction of it. The estimate fits an Arps decline curve to the production FELPS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FELPS is an estimate of value, not an offer and not an appraisal.
- How much income does FELPS generate in a year?
- FELPS is forecast to net about $241K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FELPS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Strand Energy, L.C. |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Zavala County, Texas |
| RRC district | 01 |
| Lease number | 15441 |
| Wellbores | 1 |
| Reported production | 120,551 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $675K |
Where FELPS 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.