WRIGHT 7
WRIGHT 7 is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 68,082 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 $551K, with roughly $192K 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 275 barrels a month. Its strongest month on the record we hold was May 2019, at 8,492 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 WRIGHT 7
- Who operates WRIGHT 7?
- WRIGHT 7 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is WRIGHT 7?
- WRIGHT 7 is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09690.
- Is WRIGHT 7 still producing?
- WRIGHT 7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WRIGHT 7 is August 2026.
- How much has WRIGHT 7 produced?
- WRIGHT 7 has reported 68,082 barrels of oil (bbl) to the Railroad Commission of Texas between April 2019 and August 2026, from 1 wellbore.
- How much is WRIGHT 7 worth?
- The remaining production from WRIGHT 7 is estimated to be worth about $551K in total as of 26 August 2026, within a range of $430K to $673K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WRIGHT 7 is a fraction of it. The estimate fits an Arps decline curve to the production WRIGHT 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WRIGHT 7 is an estimate of value, not an offer and not an appraisal.
- How much income does WRIGHT 7 generate in a year?
- WRIGHT 7 is forecast to net about $192K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WRIGHT 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Allen-Parker (Marmaton) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 09690 |
| Wellbores | 1 |
| Reported production | 68,082 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $551K |
Where WRIGHT 7 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.