WRIGHT MTN. /PETTIT, LOWER/ UNIT

WRIGHT MTN. /PETTIT, LOWER/ UNIT is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Samson Resources Company. It has 50 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 780,882 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 $2.3M, with roughly $519K 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 739 barrels a month, about 15 per wellbore. Its strongest month on the record we hold was August 2016, at 1,349 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 WRIGHT MTN. /PETTIT, LOWER/ UNIT

Who operates WRIGHT MTN. /PETTIT, LOWER/ UNIT?: WRIGHT MTN. /PETTIT, LOWER/ UNIT is operated by Samson Resources Company, Railroad Commission of Texas operator number 745020.
Where is WRIGHT MTN. /PETTIT, LOWER/ UNIT?: WRIGHT MTN. /PETTIT, LOWER/ UNIT is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 04256.
Is WRIGHT MTN. /PETTIT, LOWER/ UNIT still producing?: WRIGHT MTN. /PETTIT, LOWER/ UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WRIGHT MTN. /PETTIT, LOWER/ UNIT is August 2026.
How much has WRIGHT MTN. /PETTIT, LOWER/ UNIT produced?: WRIGHT MTN. /PETTIT, LOWER/ UNIT has reported 780,882 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 50 wellbores.
How much is WRIGHT MTN. /PETTIT, LOWER/ UNIT worth?: The remaining production from WRIGHT MTN. /PETTIT, LOWER/ UNIT is estimated to be worth about $2.3M in total as of 27 August 2026, within a range of $1.8M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WRIGHT MTN. /PETTIT, LOWER/ UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WRIGHT MTN. /PETTIT, LOWER/ UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WRIGHT MTN. /PETTIT, LOWER/ UNIT is an estimate of value, not an offer and not an appraisal.
How much income does WRIGHT MTN. /PETTIT, LOWER/ UNIT generate in a year?: WRIGHT MTN. /PETTIT, LOWER/ UNIT is forecast to net about $519K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WRIGHT MTN. /PETTIT, LOWER/ UNIT receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

WRIGHT MTN. /PETTIT, LOWER/ UNIT as filed with the Railroad Commission of Texas
Operator	Samson Resources Company
Field	Wright Mountain (Pettit, Lower)
County	Smith County, Texas
RRC district	06
Lease number	04256
Wellbores	50
Reported production	780,882 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$2.3M

Where WRIGHT MTN. /PETTIT, LOWER/ UNIT sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.