PIPER, OLA O. 688
PIPER, OLA O. 688 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Midgard Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from February 1997 to August 2026, totalling 346,137 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 $35K, with roughly $4K 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 179 thousand cubic feet a month. Its strongest month on the record we hold was October 2020, at 1,243 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 Midgard Energy Company, Railroad Commission of Texas operator number 565050.
- 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 164392.
- 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 346,137 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1997 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 $35K in total as of 27 August 2026, within a range of $27K to $42K. 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 $4K 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 | Midgard Energy Company |
|---|---|
| Field | Bradford (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 164392 |
| Wellbores | 1 |
| Reported production | 346,137 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $35K |
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.