RACHEAL 47
RACHEAL 47 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Summit Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2023 to August 2026, totalling 344,502 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 $8.7M, with roughly $2.7M 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 4,464 barrels a month. Its strongest month on the record we hold was August 2023, at 32,406 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 RACHEAL 47
- Who operates RACHEAL 47?
- RACHEAL 47 is operated by Summit Petroleum LLC, Railroad Commission of Texas operator number 829221.
- Where is RACHEAL 47?
- RACHEAL 47 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22092.
- Is RACHEAL 47 still producing?
- RACHEAL 47 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RACHEAL 47 is August 2026.
- How much has RACHEAL 47 produced?
- RACHEAL 47 has reported 344,502 barrels of oil (bbl) to the Railroad Commission of Texas between February 2023 and August 2026, from 1 wellbore.
- How much is RACHEAL 47 worth?
- The remaining production from RACHEAL 47 is estimated to be worth about $8.7M in total as of 26 August 2026, within a range of $7.2M to $10.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RACHEAL 47 is a fraction of it. The estimate fits an Arps decline curve to the production RACHEAL 47 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RACHEAL 47 is an estimate of value, not an offer and not an appraisal.
- How much income does RACHEAL 47 generate in a year?
- RACHEAL 47 is forecast to net about $2.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RACHEAL 47 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Summit Petroleum LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 22092 |
| Wellbores | 1 |
| Reported production | 344,502 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.7M |
Where RACHEAL 47 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.