RAG RUN NW
RAG RUN NW is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 7 wellbores on file with the Commission. Reported production runs from June 2018 to August 2026, totalling 2,556,360 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 $17.0M, with roughly $4.9M 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 7,781 barrels a month, about 1,112 per wellbore. Its strongest month on the record we hold was September 2019, at 136,557 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RAG RUN NW
- Who operates RAG RUN NW?
- RAG RUN NW is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
- Where is RAG RUN NW?
- RAG RUN NW is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50375.
- Is RAG RUN NW still producing?
- RAG RUN NW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAG RUN NW is August 2026.
- How much has RAG RUN NW produced?
- RAG RUN NW has reported 2,556,360 barrels of oil (bbl) to the Railroad Commission of Texas between June 2018 and August 2026, from 7 wellbores.
- How much is RAG RUN NW worth?
- The remaining production from RAG RUN NW is estimated to be worth about $17.0M in total as of 27 August 2026, within a range of $14.1M to $19.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAG RUN NW is a fraction of it. The estimate fits an Arps decline curve to the production RAG RUN NW has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAG RUN NW is an estimate of value, not an offer and not an appraisal.
- How much income does RAG RUN NW generate in a year?
- RAG RUN NW is forecast to net about $4.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAG RUN NW receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon Petroleum Operating Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 50375 |
| Wellbores | 7 |
| Reported production | 2,556,360 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17.0M |
Where RAG RUN NW 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.