WRIGHT UNIT 29-20
WRIGHT UNIT 29-20 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 6 wellbores on file with the Commission. Reported production runs from August 2017 to August 2026, totalling 2,088,337 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 $15.9M, with roughly $4.6M 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 6,041 barrels a month, about 1,007 per wellbore. Its strongest month on the record we hold was November 2017, at 115,570 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 WRIGHT UNIT 29-20
- Who operates WRIGHT UNIT 29-20?
- WRIGHT UNIT 29-20 is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
- Where is WRIGHT UNIT 29-20?
- WRIGHT UNIT 29-20 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49419.
- Is WRIGHT UNIT 29-20 still producing?
- WRIGHT UNIT 29-20 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WRIGHT UNIT 29-20 is August 2026.
- How much has WRIGHT UNIT 29-20 produced?
- WRIGHT UNIT 29-20 has reported 2,088,337 barrels of oil (bbl) to the Railroad Commission of Texas between August 2017 and August 2026, from 6 wellbores.
- How much is WRIGHT UNIT 29-20 worth?
- The remaining production from WRIGHT UNIT 29-20 is estimated to be worth about $15.9M in total as of 26 August 2026, within a range of $13.2M to $18.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WRIGHT UNIT 29-20 is a fraction of it. The estimate fits an Arps decline curve to the production WRIGHT UNIT 29-20 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WRIGHT UNIT 29-20 is an estimate of value, not an offer and not an appraisal.
- How much income does WRIGHT UNIT 29-20 generate in a year?
- WRIGHT UNIT 29-20 is forecast to net about $4.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WRIGHT UNIT 29-20 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon Petroleum Operating Co |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 49419 |
| Wellbores | 6 |
| Reported production | 2,088,337 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15.9M |
Where WRIGHT UNIT 29-20 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.