PIPER, OLA O. 688
PIPER, OLA O. 688 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Maxus Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from April 1994 to August 2026, totalling 1,101,633 thousand cubic feet. 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 $138K, with roughly $23K 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 720 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 4,864 thousand cubic feet. 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 PIPER, OLA O. 688
- Who operates PIPER, OLA O. 688?
- PIPER, OLA O. 688 is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is PIPER, OLA O. 688?
- PIPER, OLA O. 688 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 149052.
- Is PIPER, OLA O. 688 still producing?
- PIPER, OLA O. 688 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIPER, OLA O. 688 is August 2026.
- How much has PIPER, OLA O. 688 produced?
- PIPER, OLA O. 688 has reported 1,101,633 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1994 and August 2026, from 1 wellbore.
- How much is PIPER, OLA O. 688 worth?
- The remaining production from PIPER, OLA O. 688 is estimated to be worth about $138K in total as of 27 August 2026, within a range of $108K to $168K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIPER, OLA O. 688 is a fraction of it. The estimate fits an Arps decline curve to the production PIPER, OLA O. 688 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIPER, OLA O. 688 is an estimate of value, not an offer and not an appraisal.
- How much income does PIPER, OLA O. 688 generate in a year?
- PIPER, OLA O. 688 is forecast to net about $23K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PIPER, OLA O. 688 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxus Exploration Company |
|---|---|
| Field | Bradford (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 149052 |
| Wellbores | 1 |
| Reported production | 1,101,633 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $138K |
Where PIPER, OLA O. 688 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.