PRIESTLEY
PRIESTLEY is a Texas oil lease in Schleicher County, Railroad Commission district 7C, operated by Mulloy Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 62,463 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 $539K, with roughly $104K 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 133 barrels a month. Its strongest month on the record we hold was May 2016, at 1,378 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 PRIESTLEY
- Who operates PRIESTLEY?
- PRIESTLEY is operated by Mulloy Operating, Inc., Railroad Commission of Texas operator number 593077.
- Where is PRIESTLEY?
- PRIESTLEY is a Texas oil lease in Schleicher County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19168.
- Is PRIESTLEY still producing?
- PRIESTLEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRIESTLEY is August 2026.
- How much has PRIESTLEY produced?
- PRIESTLEY has reported 62,463 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is PRIESTLEY worth?
- The remaining production from PRIESTLEY is estimated to be worth about $539K in total as of 26 August 2026, within a range of $421K to $658K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRIESTLEY is a fraction of it. The estimate fits an Arps decline curve to the production PRIESTLEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRIESTLEY is an estimate of value, not an offer and not an appraisal.
- How much income does PRIESTLEY generate in a year?
- PRIESTLEY is forecast to net about $104K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRIESTLEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mulloy Operating, Inc. |
|---|---|
| Field | Ramon (Leonard) |
| County | Schleicher County, Texas |
| RRC district | 7C |
| Lease number | 19168 |
| Wellbores | 1 |
| Reported production | 62,463 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $539K |
Where PRIESTLEY 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.