BRIGHT 3
BRIGHT 3 is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Faulconer Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2025 to August 2026, totalling 3,343 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 $50K, with roughly $50K 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 518 barrels a month. Its strongest month on the record we hold was November 2025, at 951 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BRIGHT 3
- Who operates BRIGHT 3?
- BRIGHT 3 is operated by Faulconer Energy, LLC, Railroad Commission of Texas operator number 263648.
- Where is BRIGHT 3?
- BRIGHT 3 is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 16167.
- Is BRIGHT 3 still producing?
- BRIGHT 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BRIGHT 3 is August 2026.
- How much has BRIGHT 3 produced?
- BRIGHT 3 has reported 3,343 barrels of oil (bbl) to the Railroad Commission of Texas between November 2025 and August 2026, from 1 wellbore.
- How much is BRIGHT 3 worth?
- The remaining production from BRIGHT 3 is estimated to be worth about $50K in total as of 26 August 2026, within a range of $39K to $61K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BRIGHT 3 is a fraction of it. The estimate fits an Arps decline curve to the production BRIGHT 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BRIGHT 3 is an estimate of value, not an offer and not an appraisal.
- How much income does BRIGHT 3 generate in a year?
- BRIGHT 3 is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BRIGHT 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Faulconer Energy, LLC |
|---|---|
| Field | Overton (Travis Peak) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 16167 |
| Wellbores | 1 |
| Reported production | 3,343 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $50K |
Where BRIGHT 3 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.