MURCHISON 87
MURCHISON 87 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by CP Exploration III Operating,LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2022 to August 2026, totalling 1,168,209 thousand cubic feet. 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 $13.3M, with roughly $2.8M 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 21,814 thousand cubic feet a month. Its strongest month on the record we hold was January 2023, at 55,642 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MURCHISON 87
- Who operates MURCHISON 87?
- MURCHISON 87 is operated by CP Exploration III Operating,LLC, Railroad Commission of Texas operator number 186304.
- Where is MURCHISON 87?
- MURCHISON 87 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 293719.
- Is MURCHISON 87 still producing?
- MURCHISON 87 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MURCHISON 87 is August 2026.
- How much has MURCHISON 87 produced?
- MURCHISON 87 has reported 1,168,209 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2022 and August 2026, from 1 wellbore.
- How much is MURCHISON 87 worth?
- The remaining production from MURCHISON 87 is estimated to be worth about $13.3M in total as of 26 August 2026, within a range of $10.9M to $15.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MURCHISON 87 is a fraction of it. The estimate fits an Arps decline curve to the production MURCHISON 87 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MURCHISON 87 is an estimate of value, not an offer and not an appraisal.
- How much income does MURCHISON 87 generate in a year?
- MURCHISON 87 is forecast to net about $2.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MURCHISON 87 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CP Exploration III Operating,LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 293719 |
| Wellbores | 1 |
| Reported production | 1,168,209 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.3M |
Where MURCHISON 87 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.