ESTES, BUTTON "7"
ESTES, BUTTON "7" 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 2006 to August 2026, totalling 40,165 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 $275K, with roughly $52K 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 68 barrels a month. Its strongest month on the record we hold was November 2017, at 442 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 ESTES, BUTTON "7"
- Who operates ESTES, BUTTON "7"?
- ESTES, BUTTON "7" is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is ESTES, BUTTON "7"?
- ESTES, BUTTON "7" is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38822.
- Is ESTES, BUTTON "7" still producing?
- ESTES, BUTTON "7" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ESTES, BUTTON "7" is August 2026.
- How much has ESTES, BUTTON "7" produced?
- ESTES, BUTTON "7" has reported 40,165 barrels of oil (bbl) to the Railroad Commission of Texas between October 2006 and August 2026, from 1 wellbore.
- How much is ESTES, BUTTON "7" worth?
- The remaining production from ESTES, BUTTON "7" is estimated to be worth about $275K in total as of 26 August 2026, within a range of $151K to $399K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESTES, BUTTON "7" is a fraction of it. The estimate fits an Arps decline curve to the production ESTES, BUTTON "7" 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" is an estimate of value, not an offer and not an appraisal.
- How much income does ESTES, BUTTON "7" generate in a year?
- ESTES, BUTTON "7" is forecast to net about $52K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ESTES, BUTTON "7" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Moonlight (Mississippian) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 38822 |
| Wellbores | 1 |
| Reported production | 40,165 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $275K |
Where ESTES, BUTTON "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.