WRIGHT UNIT 40-33
WRIGHT UNIT 40-33 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Element Petro Operating Ii, Llc. It has 6 wellbores on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 1,130,377 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $80K, with roughly $38K expected over the next twelve months.
| Operator | Element Petro Operating Ii, Llc |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 46867 |
| Wellbores | 6 |
| Reported production | 1,130,377 bbl |
| First reported | April 2015 |
| Last reported | August 2026 |
| Estimated royalty value | $80K |
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.