ESTES, BUTTON "7"
ESTES, BUTTON "7" is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Stephens, Autry C. It has 2 wellbores on file with the Commission. Reported production runs from March 1999 to August 2026, totalling 174,588 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 $461K, with roughly $163K 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 272 barrels a month, about 136 per wellbore. Its strongest month on the record we hold was October 2021, at 1,414 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 ESTES, BUTTON "7"
- Who operates ESTES, BUTTON "7"?
- ESTES, BUTTON "7" is operated by Stephens, Autry C., Railroad Commission of Texas operator number 817550.
- Where is ESTES, BUTTON "7"?
- ESTES, BUTTON "7" is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36311.
- Is ESTES, BUTTON "7" still producing?
- ESTES, BUTTON "7" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ESTES, BUTTON "7" is August 2026.
- How much has ESTES, BUTTON "7" produced?
- ESTES, BUTTON "7" has reported 174,588 barrels of oil (bbl) to the Railroad Commission of Texas between March 1999 and August 2026, from 2 wellbores.
- How much is ESTES, BUTTON "7" worth?
- The remaining production from ESTES, BUTTON "7" is estimated to be worth about $461K in total as of 27 August 2026, within a range of $359K to $562K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESTES, BUTTON "7" is a fraction of it. The estimate fits an Arps decline curve to the production ESTES, BUTTON "7" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ESTES, BUTTON "7" is an estimate of value, not an offer and not an appraisal.
- How much income does ESTES, BUTTON "7" generate in a year?
- ESTES, BUTTON "7" is forecast to net about $163K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ESTES, BUTTON "7" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stephens, Autry C. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 36311 |
| Wellbores | 2 |
| Reported production | 174,588 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $461K |
Where ESTES, BUTTON "7" 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.