STATE GALILEO 7
STATE GALILEO 7 is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 8 wellbores on file with the Commission. Reported production runs from January 2016 to August 2026, totalling 3,616,306 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 $381K, with roughly $122K expected over the next twelve months.
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 47775 |
| Wellbores | 8 |
| Reported production | 3,616,306 bbl |
| First reported | January 2016 |
| Last reported | August 2026 |
| Estimated royalty value | $381K |
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.