EAST QUEENS PEAK UNIT
EAST QUEENS PEAK UNIT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Waggoner-Baldridge Oper. Co, Inc. It has 12 wellbores on file with the Commission. Reported production runs from February 1993 to August 2026, totalling 496,304 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 $1.1M, with roughly $250K 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 353 barrels a month, about 29 per wellbore. Its strongest month on the record we hold was August 2016, at 1,347 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 EAST QUEENS PEAK UNIT
- Who operates EAST QUEENS PEAK UNIT?
- EAST QUEENS PEAK UNIT is operated by Waggoner-Baldridge Oper. Co, Inc, Railroad Commission of Texas operator number 889897.
- Where is EAST QUEENS PEAK UNIT?
- EAST QUEENS PEAK UNIT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28519.
- Is EAST QUEENS PEAK UNIT still producing?
- EAST QUEENS PEAK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EAST QUEENS PEAK UNIT is August 2026.
- How much has EAST QUEENS PEAK UNIT produced?
- EAST QUEENS PEAK UNIT has reported 496,304 barrels of oil (bbl) to the Railroad Commission of Texas between February 1993 and August 2026, from 12 wellbores.
- How much is EAST QUEENS PEAK UNIT worth?
- The remaining production from EAST QUEENS PEAK UNIT is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $859K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EAST QUEENS PEAK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production EAST QUEENS PEAK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EAST QUEENS PEAK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does EAST QUEENS PEAK UNIT generate in a year?
- EAST QUEENS PEAK UNIT is forecast to net about $250K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EAST QUEENS PEAK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Waggoner-Baldridge Oper. Co, Inc |
|---|---|
| Field | Queens Peak |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 28519 |
| Wellbores | 12 |
| Reported production | 496,304 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where EAST QUEENS PEAK 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.