LEEDE UNIT 7
LEEDE UNIT 7 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 3 wellbores on file with the Commission. Reported production runs from April 2013 to August 2026, totalling 692,681 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 $9.7M, with roughly $2.1M 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 3,837 barrels a month, about 1,279 per wellbore. Its strongest month on the record we hold was November 2023, at 7,429 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 LEEDE UNIT 7
- Who operates LEEDE UNIT 7?
- LEEDE UNIT 7 is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is LEEDE UNIT 7?
- LEEDE UNIT 7 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44253.
- Is LEEDE UNIT 7 still producing?
- LEEDE UNIT 7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEEDE UNIT 7 is August 2026.
- How much has LEEDE UNIT 7 produced?
- LEEDE UNIT 7 has reported 692,681 barrels of oil (bbl) to the Railroad Commission of Texas between April 2013 and August 2026, from 3 wellbores.
- How much is LEEDE UNIT 7 worth?
- The remaining production from LEEDE UNIT 7 is estimated to be worth about $9.7M in total as of 27 August 2026, within a range of $8.0M to $11.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEEDE UNIT 7 is a fraction of it. The estimate fits an Arps decline curve to the production LEEDE UNIT 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEEDE UNIT 7 is an estimate of value, not an offer and not an appraisal.
- How much income does LEEDE UNIT 7 generate in a year?
- LEEDE UNIT 7 is forecast to net about $2.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LEEDE UNIT 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Two Georges (Bone Spring) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 44253 |
| Wellbores | 3 |
| Reported production | 692,681 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.7M |
Where LEEDE UNIT 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.