BOONE 7
BOONE 7 is a Texas oil lease in Roberts County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 137,863 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 $548K, with roughly $80K 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 39 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was June 2017, at 671 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 BOONE 7
- Who operates BOONE 7?
- BOONE 7 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is BOONE 7?
- BOONE 7 is a Texas oil lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08817.
- Is BOONE 7 still producing?
- BOONE 7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BOONE 7 is August 2026.
- How much has BOONE 7 produced?
- BOONE 7 has reported 137,863 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 2 wellbores.
- How much is BOONE 7 worth?
- The remaining production from BOONE 7 is estimated to be worth about $548K in total as of 27 August 2026, within a range of $301K to $795K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BOONE 7 is a fraction of it. The estimate fits an Arps decline curve to the production BOONE 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BOONE 7 is an estimate of value, not an offer and not an appraisal.
- How much income does BOONE 7 generate in a year?
- BOONE 7 is forecast to net about $80K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BOONE 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Lard Ranch (Granite Wash -C-) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 08817 |
| Wellbores | 2 |
| Reported production | 137,863 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $548K |
Where BOONE 7 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.