CONNELL, W. E. NCT-7
CONNELL, W. E. NCT-7 is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Cross Timbers Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2015 to August 2026, totalling 90,056 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 $1.6M, with roughly $488K 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 755 barrels a month. Its strongest month on the record we hold was October 2021, at 1,818 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 CONNELL, W. E. NCT-7
- Who operates CONNELL, W. E. NCT-7?
- CONNELL, W. E. NCT-7 is operated by Cross Timbers Energy, LLC, Railroad Commission of Texas operator number 190469.
- Where is CONNELL, W. E. NCT-7?
- CONNELL, W. E. NCT-7 is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47729.
- Is CONNELL, W. E. NCT-7 still producing?
- CONNELL, W. E. NCT-7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONNELL, W. E. NCT-7 is August 2026.
- How much has CONNELL, W. E. NCT-7 produced?
- CONNELL, W. E. NCT-7 has reported 90,056 barrels of oil (bbl) to the Railroad Commission of Texas between July 2015 and August 2026, from 1 wellbore.
- How much is CONNELL, W. E. NCT-7 worth?
- The remaining production from CONNELL, W. E. NCT-7 is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONNELL, W. E. NCT-7 is a fraction of it. The estimate fits an Arps decline curve to the production CONNELL, W. E. NCT-7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONNELL, W. E. NCT-7 is an estimate of value, not an offer and not an appraisal.
- How much income does CONNELL, W. E. NCT-7 generate in a year?
- CONNELL, W. E. NCT-7 is forecast to net about $488K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONNELL, W. E. NCT-7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Energy, LLC |
|---|---|
| Field | Penwell (Glorieta) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 47729 |
| Wellbores | 1 |
| Reported production | 90,056 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where CONNELL, W. E. NCT-7 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.