WRIGHT
WRIGHT is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Crossroads Energy Partners, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2017 to August 2026, totalling 387 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 $39K, with roughly $7K 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 10 barrels a month. Its strongest month on the record we hold was July 2025, at 13 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 WRIGHT
- Who operates WRIGHT?
- WRIGHT is operated by Crossroads Energy Partners, LLC, Railroad Commission of Texas operator number 190668.
- Where is WRIGHT?
- WRIGHT is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70582.
- Is WRIGHT still producing?
- WRIGHT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WRIGHT is August 2026.
- How much has WRIGHT produced?
- WRIGHT has reported 387 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 1 wellbore.
- How much is WRIGHT worth?
- The remaining production from WRIGHT is estimated to be worth about $39K in total as of 26 August 2026, within a range of $21K to $56K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WRIGHT is a fraction of it. The estimate fits an Arps decline curve to the production WRIGHT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WRIGHT is an estimate of value, not an offer and not an appraisal.
- How much income does WRIGHT generate in a year?
- WRIGHT is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WRIGHT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crossroads Energy Partners, LLC |
|---|---|
| Field | Levelland |
| County | Hockley County, Texas |
| RRC district | 8A |
| Lease number | 70582 |
| Wellbores | 1 |
| Reported production | 387 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $39K |
Where WRIGHT 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.