RICHARDSON 71
RICHARDSON 71 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 69,227 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 $755K, with roughly $120K 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 82 barrels a month. Its strongest month on the record we hold was June 2018, at 12,535 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 RICHARDSON 71
- Who operates RICHARDSON 71?
- RICHARDSON 71 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is RICHARDSON 71?
- RICHARDSON 71 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09632.
- Is RICHARDSON 71 still producing?
- RICHARDSON 71 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARDSON 71 is August 2026.
- How much has RICHARDSON 71 produced?
- RICHARDSON 71 has reported 69,227 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 1 wellbore.
- How much is RICHARDSON 71 worth?
- The remaining production from RICHARDSON 71 is estimated to be worth about $755K in total as of 27 August 2026, within a range of $415K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARDSON 71 is a fraction of it. The estimate fits an Arps decline curve to the production RICHARDSON 71 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARDSON 71 is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARDSON 71 generate in a year?
- RICHARDSON 71 is forecast to net about $120K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RICHARDSON 71 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Allen-Parker (Marmaton) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09632 |
| Wellbores | 1 |
| Reported production | 69,227 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $755K |
Where RICHARDSON 71 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.