BRIGHTWELL-SPRINGFIELD
BRIGHTWELL-SPRINGFIELD is a Texas oil lease in Rusk County, Railroad Commission district 06, operated by Graystone Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from April 2006 to August 2026, totalling 38,052 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 $312K, with roughly $60K 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 89 barrels a month. Its strongest month on the record we hold was December 2017, at 232 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 BRIGHTWELL-SPRINGFIELD
- Who operates BRIGHTWELL-SPRINGFIELD?
- BRIGHTWELL-SPRINGFIELD is operated by Graystone Energy Corporation, Railroad Commission of Texas operator number 328347.
- Where is BRIGHTWELL-SPRINGFIELD?
- BRIGHTWELL-SPRINGFIELD is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 14574.
- Is BRIGHTWELL-SPRINGFIELD still producing?
- BRIGHTWELL-SPRINGFIELD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BRIGHTWELL-SPRINGFIELD is August 2026.
- How much has BRIGHTWELL-SPRINGFIELD produced?
- BRIGHTWELL-SPRINGFIELD has reported 38,052 barrels of oil (bbl) to the Railroad Commission of Texas between April 2006 and August 2026, from 1 wellbore.
- How much is BRIGHTWELL-SPRINGFIELD worth?
- The remaining production from BRIGHTWELL-SPRINGFIELD is estimated to be worth about $312K in total as of 27 August 2026, within a range of $172K to $452K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BRIGHTWELL-SPRINGFIELD is a fraction of it. The estimate fits an Arps decline curve to the production BRIGHTWELL-SPRINGFIELD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BRIGHTWELL-SPRINGFIELD is an estimate of value, not an offer and not an appraisal.
- How much income does BRIGHTWELL-SPRINGFIELD generate in a year?
- BRIGHTWELL-SPRINGFIELD is forecast to net about $60K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BRIGHTWELL-SPRINGFIELD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Graystone Energy Corporation |
|---|---|
| Field | Minden (Travis Peak Cons.) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 14574 |
| Wellbores | 1 |
| Reported production | 38,052 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $312K |
Where BRIGHTWELL-SPRINGFIELD 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.