OLIPHANT
OLIPHANT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Eog Resources, Inc. It has 4 wellbores on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 19,494 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 $1.1M, with roughly $171K 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 59 barrels a month, about 15 per wellbore. Its strongest month on the record we hold was November 2025, at 253 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 OLIPHANT
- Who operates OLIPHANT?
- OLIPHANT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is OLIPHANT?
- OLIPHANT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31352.
- Is OLIPHANT still producing?
- OLIPHANT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLIPHANT is August 2026.
- How much has OLIPHANT produced?
- OLIPHANT has reported 19,494 barrels of oil (bbl) to the Railroad Commission of Texas between December 2008 and August 2026, from 4 wellbores.
- How much is OLIPHANT worth?
- The remaining production from OLIPHANT is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $627K to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLIPHANT is a fraction of it. The estimate fits an Arps decline curve to the production OLIPHANT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLIPHANT is an estimate of value, not an offer and not an appraisal.
- How much income does OLIPHANT generate in a year?
- OLIPHANT is forecast to net about $171K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OLIPHANT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 31352 |
| Wellbores | 4 |
| Reported production | 19,494 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where OLIPHANT 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.