WORLEY
WORLEY is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Seagull Midcon Inc. It has 56 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,080,439 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 $4.8M, with roughly $1.1M 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 1,385 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was October 2017, at 2,374 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 WORLEY
- Who operates WORLEY?
- WORLEY is operated by Seagull Midcon Inc., Railroad Commission of Texas operator number 761707.
- Where is WORLEY?
- WORLEY is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00689.
- Is WORLEY still producing?
- WORLEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WORLEY is August 2026.
- How much has WORLEY produced?
- WORLEY has reported 1,080,439 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 56 wellbores.
- How much is WORLEY worth?
- The remaining production from WORLEY is estimated to be worth about $4.8M in total as of 26 August 2026, within a range of $4.0M to $5.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WORLEY is a fraction of it. The estimate fits an Arps decline curve to the production WORLEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WORLEY is an estimate of value, not an offer and not an appraisal.
- How much income does WORLEY generate in a year?
- WORLEY is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WORLEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seagull Midcon Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00689 |
| Wellbores | 56 |
| Reported production | 1,080,439 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.8M |
Where WORLEY 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.