CULPEPPER
CULPEPPER is a Texas oil lease in Gregg County, Railroad Commission district 06, operated by Neches Exploration, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from March 2023 to August 2026, totalling 2,905 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 $437K, with roughly $72K 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 44 barrels a month. Its strongest month on the record we hold was June 2024, at 147 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 CULPEPPER
- Who operates CULPEPPER?
- CULPEPPER is operated by Neches Exploration, L.L.C., Railroad Commission of Texas operator number 601861.
- Where is CULPEPPER?
- CULPEPPER is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15933.
- Is CULPEPPER still producing?
- CULPEPPER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CULPEPPER is August 2026.
- How much has CULPEPPER produced?
- CULPEPPER has reported 2,905 barrels of oil (bbl) to the Railroad Commission of Texas between March 2023 and August 2026, from 1 wellbore.
- How much is CULPEPPER worth?
- The remaining production from CULPEPPER is estimated to be worth about $437K in total as of 26 August 2026, within a range of $240K to $633K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CULPEPPER is a fraction of it. The estimate fits an Arps decline curve to the production CULPEPPER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CULPEPPER is an estimate of value, not an offer and not an appraisal.
- How much income does CULPEPPER generate in a year?
- CULPEPPER is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CULPEPPER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Neches Exploration, L.L.C. |
|---|---|
| Field | Willow Springs (Pettit) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 15933 |
| Wellbores | 1 |
| Reported production | 2,905 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $437K |
Where CULPEPPER 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.