WRIGHT 'TP'
WRIGHT 'TP' 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 March 2025 to August 2026, totalling 3,922 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 $747K, with roughly $142K 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 228 barrels a month. Its strongest month on the record we hold was March 2025, at 548 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 'TP'
- Who operates WRIGHT 'TP'?
- WRIGHT 'TP' is operated by Faulconer Energy, LLC, Railroad Commission of Texas operator number 263648.
- Where is WRIGHT 'TP'?
- WRIGHT 'TP' is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 16115.
- Is WRIGHT 'TP' still producing?
- WRIGHT 'TP' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WRIGHT 'TP' is August 2026.
- How much has WRIGHT 'TP' produced?
- WRIGHT 'TP' has reported 3,922 barrels of oil (bbl) to the Railroad Commission of Texas between March 2025 and August 2026, from 1 wellbore.
- How much is WRIGHT 'TP' worth?
- The remaining production from WRIGHT 'TP' is estimated to be worth about $747K in total as of 26 August 2026, within a range of $583K to $911K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WRIGHT 'TP' is a fraction of it. The estimate fits an Arps decline curve to the production WRIGHT 'TP' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WRIGHT 'TP' is an estimate of value, not an offer and not an appraisal.
- How much income does WRIGHT 'TP' generate in a year?
- WRIGHT 'TP' is forecast to net about $142K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WRIGHT 'TP' 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 | 16115 |
| Wellbores | 1 |
| Reported production | 3,922 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $747K |
Where WRIGHT 'TP' 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.