WALDROP, M. G.
WALDROP, M. G. is a Texas oil lease in Panola County, Railroad Commission district 06, operated by Richey Properties, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 45,763 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 $216K, with roughly $41K 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 69 barrels a month. Its strongest month on the record we hold was May 2020, at 250 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 WALDROP, M. G.
- Who operates WALDROP, M. G.?
- WALDROP, M. G. is operated by Richey Properties, Inc., Railroad Commission of Texas operator number 709685.
- Where is WALDROP, M. G.?
- WALDROP, M. G. is a Texas oil lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 10691.
- Is WALDROP, M. G. still producing?
- WALDROP, M. G. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALDROP, M. G. is August 2026.
- How much has WALDROP, M. G. produced?
- WALDROP, M. G. has reported 45,763 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WALDROP, M. G. worth?
- The remaining production from WALDROP, M. G. is estimated to be worth about $216K in total as of 26 August 2026, within a range of $119K to $313K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALDROP, M. G. is a fraction of it. The estimate fits an Arps decline curve to the production WALDROP, M. G. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALDROP, M. G. is an estimate of value, not an offer and not an appraisal.
- How much income does WALDROP, M. G. generate in a year?
- WALDROP, M. G. is forecast to net about $41K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WALDROP, M. G. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Richey Properties, Inc. |
|---|---|
| Field | Itex (Pettet) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 10691 |
| Wellbores | 1 |
| Reported production | 45,763 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $216K |
Where WALDROP, M. G. 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.