CLEGG, M
CLEGG, M is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Heape Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2010 to August 2026, totalling 10,467 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 $130K, with roughly $24K 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 35 barrels a month. Its strongest month on the record we hold was November 2024, at 256 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 CLEGG, M
- Who operates CLEGG, M?
- CLEGG, M is operated by Heape Exploration, Inc., Railroad Commission of Texas operator number 370195.
- Where is CLEGG, M?
- CLEGG, M is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 31997.
- Is CLEGG, M still producing?
- CLEGG, M is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLEGG, M is August 2026.
- How much has CLEGG, M produced?
- CLEGG, M has reported 10,467 barrels of oil (bbl) to the Railroad Commission of Texas between November 2010 and August 2026, from 1 wellbore.
- How much is CLEGG, M worth?
- The remaining production from CLEGG, M is estimated to be worth about $130K in total as of 26 August 2026, within a range of $72K to $189K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLEGG, M is a fraction of it. The estimate fits an Arps decline curve to the production CLEGG, M has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLEGG, M is an estimate of value, not an offer and not an appraisal.
- How much income does CLEGG, M generate in a year?
- CLEGG, M is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CLEGG, M receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Heape Exploration, Inc. |
|---|---|
| Field | Red River (Penn Detrital) |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 31997 |
| Wellbores | 1 |
| Reported production | 10,467 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $130K |
Where CLEGG, M 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.