T & P RICHARDS
T & P RICHARDS is a Texas oil lease in Cottle County, Railroad Commission district 8A, operated by Gunn Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2021 to August 2026, totalling 37,907 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 $443K, with roughly $203K 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 374 barrels a month. Its strongest month on the record we hold was August 2021, at 1,694 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 T & P RICHARDS
- Who operates T & P RICHARDS?
- T & P RICHARDS is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is T & P RICHARDS?
- T & P RICHARDS is a Texas oil lease in Cottle County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71161.
- Is T & P RICHARDS still producing?
- T & P RICHARDS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for T & P RICHARDS is August 2026.
- How much has T & P RICHARDS produced?
- T & P RICHARDS has reported 37,907 barrels of oil (bbl) to the Railroad Commission of Texas between July 2021 and August 2026, from 1 wellbore.
- How much is T & P RICHARDS worth?
- The remaining production from T & P RICHARDS is estimated to be worth about $443K in total as of 26 August 2026, within a range of $346K to $541K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in T & P RICHARDS is a fraction of it. The estimate fits an Arps decline curve to the production T & P RICHARDS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for T & P RICHARDS is an estimate of value, not an offer and not an appraisal.
- How much income does T & P RICHARDS generate in a year?
- T & P RICHARDS is forecast to net about $203K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in T & P RICHARDS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Stescott (Canyon) |
| County | Cottle County, Texas |
| RRC district | 8A |
| Lease number | 71161 |
| Wellbores | 1 |
| Reported production | 37,907 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $443K |
Where T & P RICHARDS 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.