LEGGETT
LEGGETT is a Texas oil lease in Red River County, Railroad Commission district 05, operated by Spartan Operating Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 1997 to August 2026, totalling 32,149 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 $258K, with roughly $50K 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 68 barrels a month. Its strongest month on the record we hold was July 2022, at 147 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 LEGGETT
- Who operates LEGGETT?
- LEGGETT is operated by Spartan Operating Company, Inc., Railroad Commission of Texas operator number 807870.
- Where is LEGGETT?
- LEGGETT is a Texas oil lease in Red River County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 03581.
- Is LEGGETT still producing?
- LEGGETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEGGETT is August 2026.
- How much has LEGGETT produced?
- LEGGETT has reported 32,149 barrels of oil (bbl) to the Railroad Commission of Texas between October 1997 and August 2026, from 1 wellbore.
- How much is LEGGETT worth?
- The remaining production from LEGGETT is estimated to be worth about $258K in total as of 27 August 2026, within a range of $142K to $374K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEGGETT is a fraction of it. The estimate fits an Arps decline curve to the production LEGGETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEGGETT is an estimate of value, not an offer and not an appraisal.
- How much income does LEGGETT generate in a year?
- LEGGETT is forecast to net about $50K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LEGGETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Spartan Operating Company, Inc. |
|---|---|
| Field | Shelton (Cotton Valley) |
| County | Red River County, Texas |
| RRC district | 05 |
| Lease number | 03581 |
| Wellbores | 1 |
| Reported production | 32,149 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $258K |
Where LEGGETT 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.