OGLE, J. V.
OGLE, J. V. is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Richey, Ray Management Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 1996 to August 2026, totalling 50,420 thousand cubic feet. 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 $12K, with roughly $1K 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 56 thousand cubic feet a month. Its strongest month on the record we hold was March 2023, at 513 thousand cubic feet. 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 OGLE, J. V.
- Who operates OGLE, J. V.?
- OGLE, J. V. is operated by Richey, Ray Management Co., Inc., Railroad Commission of Texas operator number 709694.
- Where is OGLE, J. V.?
- OGLE, J. V. is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 159829.
- Is OGLE, J. V. still producing?
- OGLE, J. V. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OGLE, J. V. is August 2026.
- How much has OGLE, J. V. produced?
- OGLE, J. V. has reported 50,420 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 1996 and August 2026, from 1 wellbore.
- How much is OGLE, J. V. worth?
- The remaining production from OGLE, J. V. is estimated to be worth about $12K in total as of 26 August 2026, within a range of $6K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OGLE, J. V. is a fraction of it. The estimate fits an Arps decline curve to the production OGLE, J. V. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OGLE, J. V. is an estimate of value, not an offer and not an appraisal.
- How much income does OGLE, J. V. generate in a year?
- OGLE, J. V. is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OGLE, J. V. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Richey, Ray Management Co., Inc. |
|---|---|
| Field | Chico, West (Conglomerate 5700) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 159829 |
| Wellbores | 1 |
| Reported production | 50,420 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $12K |
Where OGLE, J. V. 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.