WHEAT 678
WHEAT 678 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Cross Timbers Operating Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 224,602 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 $860K, with roughly $320K 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 300 barrels a month, about 75 per wellbore. Its strongest month on the record we hold was May 2016, at 1,381 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 WHEAT 678
- Who operates WHEAT 678?
- WHEAT 678 is operated by Cross Timbers Operating Company, Railroad Commission of Texas operator number 190468.
- Where is WHEAT 678?
- WHEAT 678 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 05924.
- Is WHEAT 678 still producing?
- WHEAT 678 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEAT 678 is August 2026.
- How much has WHEAT 678 produced?
- WHEAT 678 has reported 224,602 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is WHEAT 678 worth?
- The remaining production from WHEAT 678 is estimated to be worth about $860K in total as of 26 August 2026, within a range of $671K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEAT 678 is a fraction of it. The estimate fits an Arps decline curve to the production WHEAT 678 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEAT 678 is an estimate of value, not an offer and not an appraisal.
- How much income does WHEAT 678 generate in a year?
- WHEAT 678 is forecast to net about $320K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEAT 678 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cross Timbers Operating Company |
|---|---|
| Field | Peery (Marmaton) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 05924 |
| Wellbores | 4 |
| Reported production | 224,602 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $860K |
Where WHEAT 678 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.