ESTELLE COUNCIL -70-
ESTELLE COUNCIL -70- is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Merit Energy Company. It has 5 wellbores on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 47,260 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 $158K 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 58 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was July 2016, at 487 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 ESTELLE COUNCIL -70-
- Who operates ESTELLE COUNCIL -70-?
- ESTELLE COUNCIL -70- is operated by Merit Energy Company, Railroad Commission of Texas operator number 561136.
- Where is ESTELLE COUNCIL -70-?
- ESTELLE COUNCIL -70- is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18238.
- Is ESTELLE COUNCIL -70- still producing?
- ESTELLE COUNCIL -70- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ESTELLE COUNCIL -70- is August 2026.
- How much has ESTELLE COUNCIL -70- produced?
- ESTELLE COUNCIL -70- has reported 47,260 barrels of oil (bbl) to the Railroad Commission of Texas between May 2013 and August 2026, from 5 wellbores.
- How much is ESTELLE COUNCIL -70- worth?
- The remaining production from ESTELLE COUNCIL -70- is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $617K to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESTELLE COUNCIL -70- is a fraction of it. The estimate fits an Arps decline curve to the production ESTELLE COUNCIL -70- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ESTELLE COUNCIL -70- is an estimate of value, not an offer and not an appraisal.
- How much income does ESTELLE COUNCIL -70- generate in a year?
- ESTELLE COUNCIL -70- is forecast to net about $158K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ESTELLE COUNCIL -70- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Merit Energy Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 18238 |
| Wellbores | 5 |
| Reported production | 47,260 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where ESTELLE COUNCIL -70- 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.