REAGAN 7
REAGAN 7 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Hannathon Petroleum, LLC. It has 4 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 229,348 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 $917K, with roughly $196K 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 265 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was May 2016, at 2,412 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 REAGAN 7
- Who operates REAGAN 7?
- REAGAN 7 is operated by Hannathon Petroleum, LLC, Railroad Commission of Texas operator number 354954.
- Where is REAGAN 7?
- REAGAN 7 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43707.
- Is REAGAN 7 still producing?
- REAGAN 7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REAGAN 7 is August 2026.
- How much has REAGAN 7 produced?
- REAGAN 7 has reported 229,348 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 4 wellbores.
- How much is REAGAN 7 worth?
- The remaining production from REAGAN 7 is estimated to be worth about $917K in total as of 26 August 2026, within a range of $715K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REAGAN 7 is a fraction of it. The estimate fits an Arps decline curve to the production REAGAN 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REAGAN 7 is an estimate of value, not an offer and not an appraisal.
- How much income does REAGAN 7 generate in a year?
- REAGAN 7 is forecast to net about $196K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REAGAN 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hannathon Petroleum, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 43707 |
| Wellbores | 4 |
| Reported production | 229,348 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $917K |
Where REAGAN 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.