RAGGETT
RAGGETT is a Texas gas lease in Midland County, Railroad Commission district 08, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,277,155 thousand cubic feet. 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 $352K, with roughly $57K 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 2,210 thousand cubic feet a month. Its strongest month on the record we hold was October 2025, at 3,727 thousand cubic feet. 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 RAGGETT
- Who operates RAGGETT?
- RAGGETT is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is RAGGETT?
- RAGGETT is a Texas gas lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 119081.
- Is RAGGETT still producing?
- RAGGETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAGGETT is August 2026.
- How much has RAGGETT produced?
- RAGGETT has reported 1,277,155 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RAGGETT worth?
- The remaining production from RAGGETT is estimated to be worth about $352K in total as of 26 August 2026, within a range of $292K to $412K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAGGETT is a fraction of it. The estimate fits an Arps decline curve to the production RAGGETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAGGETT is an estimate of value, not an offer and not an appraisal.
- How much income does RAGGETT generate in a year?
- RAGGETT is forecast to net about $57K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAGGETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Azalea (Devonian) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 119081 |
| Wellbores | 1 |
| Reported production | 1,277,155 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $352K |
Where RAGGETT 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.