WAGGONER 4N1
WAGGONER 4N1 is a Texas oil lease in Wilbarger County, Railroad Commission district 09, operated by Covenant Operating, LLC. It has 9 wellbores on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 42,664 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 $828K, with roughly $159K 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 223 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was November 2019, at 615 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 WAGGONER 4N1
- Who operates WAGGONER 4N1?
- WAGGONER 4N1 is operated by Covenant Operating, LLC, Railroad Commission of Texas operator number 182800.
- Where is WAGGONER 4N1?
- WAGGONER 4N1 is a Texas oil lease in Wilbarger County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33071.
- Is WAGGONER 4N1 still producing?
- WAGGONER 4N1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WAGGONER 4N1 is August 2026.
- How much has WAGGONER 4N1 produced?
- WAGGONER 4N1 has reported 42,664 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 9 wellbores.
- How much is WAGGONER 4N1 worth?
- The remaining production from WAGGONER 4N1 is estimated to be worth about $828K in total as of 26 August 2026, within a range of $646K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WAGGONER 4N1 is a fraction of it. The estimate fits an Arps decline curve to the production WAGGONER 4N1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WAGGONER 4N1 is an estimate of value, not an offer and not an appraisal.
- How much income does WAGGONER 4N1 generate in a year?
- WAGGONER 4N1 is forecast to net about $159K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WAGGONER 4N1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Covenant Operating, LLC |
|---|---|
| Field | Wilbarger County Regular |
| County | Wilbarger County, Texas |
| RRC district | 09 |
| Lease number | 33071 |
| Wellbores | 9 |
| Reported production | 42,664 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $828K |
Where WAGGONER 4N1 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.