DELONG
DELONG is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Fortune Energy, Inc. It has 10 wellbores on file with the Commission. Reported production runs from September 2009 to August 2026, totalling 126,197 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 $324K, with roughly $49K 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 26 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was August 2017, at 357 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 DELONG
- Who operates DELONG?
- DELONG is operated by Fortune Energy, Inc., Railroad Commission of Texas operator number 278757.
- Where is DELONG?
- DELONG is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16992.
- Is DELONG still producing?
- DELONG is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DELONG is August 2026.
- How much has DELONG produced?
- DELONG has reported 126,197 barrels of oil (bbl) to the Railroad Commission of Texas between September 2009 and August 2026, from 10 wellbores.
- How much is DELONG worth?
- The remaining production from DELONG is estimated to be worth about $324K in total as of 27 August 2026, within a range of $178K to $469K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DELONG is a fraction of it. The estimate fits an Arps decline curve to the production DELONG has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DELONG is an estimate of value, not an offer and not an appraisal.
- How much income does DELONG generate in a year?
- DELONG is forecast to net about $49K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DELONG receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fortune Energy, Inc. |
|---|---|
| Field | Lucky Mag (Consolidated) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 16992 |
| Wellbores | 10 |
| Reported production | 126,197 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $324K |
Where DELONG 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.