RUSSELL LONG G
RUSSELL LONG G is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Permian Resources Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2023 to August 2026, totalling 333,176 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 $7.6M, with roughly $2.4M 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 3,701 barrels a month. Its strongest month on the record we hold was April 2023, at 31,351 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 RUSSELL LONG G
- Who operates RUSSELL LONG G?
- RUSSELL LONG G is operated by Permian Resources Operating, LLC, Railroad Commission of Texas operator number 100852.
- Where is RUSSELL LONG G?
- RUSSELL LONG G is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60325.
- Is RUSSELL LONG G still producing?
- RUSSELL LONG G is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RUSSELL LONG G is August 2026.
- How much has RUSSELL LONG G produced?
- RUSSELL LONG G has reported 333,176 barrels of oil (bbl) to the Railroad Commission of Texas between March 2023 and August 2026, from 1 wellbore.
- How much is RUSSELL LONG G worth?
- The remaining production from RUSSELL LONG G is estimated to be worth about $7.6M in total as of 27 August 2026, within a range of $6.3M to $8.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RUSSELL LONG G is a fraction of it. The estimate fits an Arps decline curve to the production RUSSELL LONG G has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RUSSELL LONG G is an estimate of value, not an offer and not an appraisal.
- How much income does RUSSELL LONG G generate in a year?
- RUSSELL LONG G is forecast to net about $2.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RUSSELL LONG G receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Permian Resources Operating, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 60325 |
| Wellbores | 1 |
| Reported production | 333,176 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.6M |
Where RUSSELL LONG 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.