ESTES, BUTTON "7-8" UNIT
ESTES, BUTTON "7-8" UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Petroplex Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 95,257 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 $991K, with roughly $265K 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 415 barrels a month. Its strongest month on the record we hold was January 2024, at 1,213 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 ESTES, BUTTON "7-8" UNIT
- Who operates ESTES, BUTTON "7-8" UNIT?
- ESTES, BUTTON "7-8" UNIT is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is ESTES, BUTTON "7-8" UNIT?
- ESTES, BUTTON "7-8" UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42620.
- Is ESTES, BUTTON "7-8" UNIT still producing?
- ESTES, BUTTON "7-8" UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ESTES, BUTTON "7-8" UNIT is August 2026.
- How much has ESTES, BUTTON "7-8" UNIT produced?
- ESTES, BUTTON "7-8" UNIT has reported 95,257 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 1 wellbore.
- How much is ESTES, BUTTON "7-8" UNIT worth?
- The remaining production from ESTES, BUTTON "7-8" UNIT is estimated to be worth about $991K in total as of 26 August 2026, within a range of $773K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESTES, BUTTON "7-8" UNIT is a fraction of it. The estimate fits an Arps decline curve to the production ESTES, BUTTON "7-8" UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ESTES, BUTTON "7-8" UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does ESTES, BUTTON "7-8" UNIT generate in a year?
- ESTES, BUTTON "7-8" UNIT is forecast to net about $265K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ESTES, BUTTON "7-8" UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 42620 |
| Wellbores | 1 |
| Reported production | 95,257 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $991K |
Where ESTES, BUTTON "7-8" UNIT 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.