RED DEER "27"
RED DEER "27" is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Bright & Co. It has 1 wellbore on file with the Commission. Reported production runs from June 2009 to August 2026, totalling 27,704 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 $65K, with roughly $13K 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 16 barrels a month. Its strongest month on the record we hold was March 2023, at 147 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 RED DEER "27"
- Who operates RED DEER "27"?
- RED DEER "27" is operated by Bright & Co., Railroad Commission of Texas operator number 093125.
- Where is RED DEER "27"?
- RED DEER "27" is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39473.
- Is RED DEER "27" still producing?
- RED DEER "27" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED DEER "27" is August 2026.
- How much has RED DEER "27" produced?
- RED DEER "27" has reported 27,704 barrels of oil (bbl) to the Railroad Commission of Texas between June 2009 and August 2026, from 1 wellbore.
- How much is RED DEER "27" worth?
- The remaining production from RED DEER "27" is estimated to be worth about $65K in total as of 26 August 2026, within a range of $36K to $95K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED DEER "27" is a fraction of it. The estimate fits an Arps decline curve to the production RED DEER "27" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED DEER "27" is an estimate of value, not an offer and not an appraisal.
- How much income does RED DEER "27" generate in a year?
- RED DEER "27" is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED DEER "27" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bright & Co. |
|---|---|
| Field | Lucky Strike (Strawn) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 39473 |
| Wellbores | 1 |
| Reported production | 27,704 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $65K |
Where RED DEER "27" 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.