RIGGS
RIGGS is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Baytech, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 1998 to August 2026, totalling 87,626 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 $63K, with roughly $12K 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 14 barrels a month. Its strongest month on the record we hold was July 2017, at 288 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 RIGGS
- Who operates RIGGS?
- RIGGS is operated by Baytech, Inc., Railroad Commission of Texas operator number 058873.
- Where is RIGGS?
- RIGGS is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 28511.
- Is RIGGS still producing?
- RIGGS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIGGS is August 2026.
- How much has RIGGS produced?
- RIGGS has reported 87,626 barrels of oil (bbl) to the Railroad Commission of Texas between July 1998 and August 2026, from 1 wellbore.
- How much is RIGGS worth?
- The remaining production from RIGGS is estimated to be worth about $63K in total as of 26 August 2026, within a range of $34K to $91K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIGGS is a fraction of it. The estimate fits an Arps decline curve to the production RIGGS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIGGS is an estimate of value, not an offer and not an appraisal.
- How much income does RIGGS generate in a year?
- RIGGS is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RIGGS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Baytech, Inc. |
|---|---|
| Field | Thunder Valley (Canyon Sand) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 28511 |
| Wellbores | 1 |
| Reported production | 87,626 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $63K |
Where RIGGS 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.