BISHOP
BISHOP is a Texas oil lease in Taylor County, Railroad Commission district 7B, operated by Seago Operating Co., L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from December 2006 to August 2026, totalling 53,370 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 $106K, with roughly $20K 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 18 barrels a month. Its strongest month on the record we hold was January 2019, at 247 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 BISHOP
- Who operates BISHOP?
- BISHOP is operated by Seago Operating Co., L.L.C., Railroad Commission of Texas operator number 761582.
- Where is BISHOP?
- BISHOP is a Texas oil lease in Taylor County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 29860.
- Is BISHOP still producing?
- BISHOP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BISHOP is August 2026.
- How much has BISHOP produced?
- BISHOP has reported 53,370 barrels of oil (bbl) to the Railroad Commission of Texas between December 2006 and August 2026, from 1 wellbore.
- How much is BISHOP worth?
- The remaining production from BISHOP is estimated to be worth about $106K in total as of 26 August 2026, within a range of $58K to $154K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BISHOP is a fraction of it. The estimate fits an Arps decline curve to the production BISHOP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BISHOP is an estimate of value, not an offer and not an appraisal.
- How much income does BISHOP generate in a year?
- BISHOP is forecast to net about $20K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BISHOP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seago Operating Co., L.L.C. |
|---|---|
| Field | Noodle, NW. (Noodle Creek) |
| County | Taylor County, Texas |
| RRC district | 7B |
| Lease number | 29860 |
| Wellbores | 1 |
| Reported production | 53,370 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $106K |
Where BISHOP 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.