IRON MIKE WA7
IRON MIKE WA7 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Forge Energy Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2022 to August 2026, totalling 148,771 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 $4.4M, with roughly $1.1M 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 1,466 barrels a month. Its strongest month on the record we hold was November 2022, at 14,649 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 IRON MIKE WA7
- Who operates IRON MIKE WA7?
- IRON MIKE WA7 is operated by Forge Energy Operating, LLC, Railroad Commission of Texas operator number 276873.
- Where is IRON MIKE WA7?
- IRON MIKE WA7 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58265.
- Is IRON MIKE WA7 still producing?
- IRON MIKE WA7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for IRON MIKE WA7 is August 2026.
- How much has IRON MIKE WA7 produced?
- IRON MIKE WA7 has reported 148,771 barrels of oil (bbl) to the Railroad Commission of Texas between June 2022 and August 2026, from 1 wellbore.
- How much is IRON MIKE WA7 worth?
- The remaining production from IRON MIKE WA7 is estimated to be worth about $4.4M in total as of 27 August 2026, within a range of $3.7M to $5.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in IRON MIKE WA7 is a fraction of it. The estimate fits an Arps decline curve to the production IRON MIKE WA7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for IRON MIKE WA7 is an estimate of value, not an offer and not an appraisal.
- How much income does IRON MIKE WA7 generate in a year?
- IRON MIKE WA7 is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in IRON MIKE WA7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Forge Energy Operating, LLC |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 58265 |
| Wellbores | 1 |
| Reported production | 148,771 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.4M |
Where IRON MIKE WA7 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.