CORRELL
CORRELL is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mge Resources, Inc. It has 2 wellbores on file with the Commission. Reported production runs from August 2011 to August 2026, totalling 24,962 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 $277K, with roughly $51K 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 74 barrels a month, about 37 per wellbore. Its strongest month on the record we hold was March 2017, at 451 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 CORRELL
- Who operates CORRELL?
- CORRELL is operated by Mge Resources, Inc., Railroad Commission of Texas operator number 563288.
- Where is CORRELL?
- CORRELL is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08721.
- Is CORRELL still producing?
- CORRELL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CORRELL is August 2026.
- How much has CORRELL produced?
- CORRELL has reported 24,962 barrels of oil (bbl) to the Railroad Commission of Texas between August 2011 and August 2026, from 2 wellbores.
- How much is CORRELL worth?
- The remaining production from CORRELL is estimated to be worth about $277K in total as of 26 August 2026, within a range of $152K to $402K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CORRELL is a fraction of it. The estimate fits an Arps decline curve to the production CORRELL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CORRELL is an estimate of value, not an offer and not an appraisal.
- How much income does CORRELL generate in a year?
- CORRELL is forecast to net about $51K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CORRELL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mge Resources, Inc. |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08721 |
| Wellbores | 2 |
| Reported production | 24,962 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $277K |
Where CORRELL 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.