DOUBLE 7
DOUBLE 7 is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Bright & Co. It has 2 wellbores on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 62,326 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 $432K, with roughly $174K 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 300 barrels a month, about 150 per wellbore. Its strongest month on the record we hold was August 2024, at 1,094 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 DOUBLE 7
- Who operates DOUBLE 7?
- DOUBLE 7 is operated by Bright & Co., Railroad Commission of Texas operator number 093125.
- Where is DOUBLE 7?
- DOUBLE 7 is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39024.
- Is DOUBLE 7 still producing?
- DOUBLE 7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DOUBLE 7 is August 2026.
- How much has DOUBLE 7 produced?
- DOUBLE 7 has reported 62,326 barrels of oil (bbl) to the Railroad Commission of Texas between August 2008 and August 2026, from 2 wellbores.
- How much is DOUBLE 7 worth?
- The remaining production from DOUBLE 7 is estimated to be worth about $432K in total as of 26 August 2026, within a range of $337K to $527K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DOUBLE 7 is a fraction of it. The estimate fits an Arps decline curve to the production DOUBLE 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DOUBLE 7 is an estimate of value, not an offer and not an appraisal.
- How much income does DOUBLE 7 generate in a year?
- DOUBLE 7 is forecast to net about $174K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DOUBLE 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bright & Co. |
|---|---|
| Field | Passout (Strawn) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 39024 |
| Wellbores | 2 |
| Reported production | 62,326 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $432K |
Where DOUBLE 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.