STATE MERCURY 7
STATE MERCURY 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 April 2015 to August 2026, totalling 541,639 barrels. The lease is intermittent. 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 $31K, with roughly $6K 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 4 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was May 2016, at 22,093 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MERCURY 7
- Who operates STATE MERCURY 7?
- STATE MERCURY 7 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE MERCURY 7?
- STATE MERCURY 7 is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47977.
- Is STATE MERCURY 7 still producing?
- STATE MERCURY 7 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE MERCURY 7 is August 2026.
- How much has STATE MERCURY 7 produced?
- STATE MERCURY 7 has reported 541,639 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 8 wellbores.
- How much is STATE MERCURY 7 worth?
- The remaining production from STATE MERCURY 7 is estimated to be worth about $31K in total as of 27 August 2026, within a range of $0 to $63K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE MERCURY 7 is a fraction of it. The estimate fits an Arps decline curve to the production STATE MERCURY 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 MERCURY 7 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE MERCURY 7 generate in a year?
- STATE MERCURY 7 is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE MERCURY 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 | 47977 |
| Wellbores | 8 |
| Reported production | 541,639 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $31K |
Where STATE MERCURY 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.