GUITAR, EARL
GUITAR, EARL is a Texas oil lease in Callahan County, Railroad Commission district 7B, operated by Morris, W. Dale Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 148,258 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 $338K, with roughly $65K 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, about 16 per wellbore. Its strongest month on the record we hold was August 2016, at 274 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 GUITAR, EARL
- Who operates GUITAR, EARL?
- GUITAR, EARL is operated by Morris, W. Dale Inc., Railroad Commission of Texas operator number 588595.
- Where is GUITAR, EARL?
- GUITAR, EARL is a Texas oil lease in Callahan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 12849.
- Is GUITAR, EARL still producing?
- GUITAR, EARL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUITAR, EARL is August 2026.
- How much has GUITAR, EARL produced?
- GUITAR, EARL has reported 148,258 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is GUITAR, EARL worth?
- The remaining production from GUITAR, EARL is estimated to be worth about $338K in total as of 27 August 2026, within a range of $186K to $490K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUITAR, EARL is a fraction of it. The estimate fits an Arps decline curve to the production GUITAR, EARL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUITAR, EARL is an estimate of value, not an offer and not an appraisal.
- How much income does GUITAR, EARL generate in a year?
- GUITAR, EARL is forecast to net about $65K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GUITAR, EARL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Morris, W. Dale Inc. |
|---|---|
| Field | Guitar (Gardner Sand) |
| County | Callahan County, Texas |
| RRC district | 7B |
| Lease number | 12849 |
| Wellbores | 5 |
| Reported production | 148,258 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $338K |
Where GUITAR, EARL 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.