STATE GALILEO 7
STATE GALILEO 7 is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 8 wellbores on file with the Commission. Reported production runs from January 2016 to August 2026, totalling 3,616,306 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 $16.3M, with roughly $5.2M 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 7,185 barrels a month, about 898 per wellbore. Its strongest month on the record we hold was March 2017, at 190,301 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 STATE GALILEO 7
- Who operates STATE GALILEO 7?
- STATE GALILEO 7 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE GALILEO 7?
- STATE GALILEO 7 is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47775.
- Is STATE GALILEO 7 still producing?
- STATE GALILEO 7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE GALILEO 7 is August 2026.
- How much has STATE GALILEO 7 produced?
- STATE GALILEO 7 has reported 3,616,306 barrels of oil (bbl) to the Railroad Commission of Texas between January 2016 and August 2026, from 8 wellbores.
- How much is STATE GALILEO 7 worth?
- The remaining production from STATE GALILEO 7 is estimated to be worth about $16.3M in total as of 26 August 2026, within a range of $13.5M to $19.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE GALILEO 7 is a fraction of it. The estimate fits an Arps decline curve to the production STATE GALILEO 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE GALILEO 7 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE GALILEO 7 generate in a year?
- STATE GALILEO 7 is forecast to net about $5.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE GALILEO 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 47775 |
| Wellbores | 8 |
| Reported production | 3,616,306 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16.3M |
Where STATE GALILEO 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.