PENNZOIL-TUBB
PENNZOIL-TUBB is a Texas gas lease in Crane County, Railroad Commission district 08, operated by Rayden. It has 1 wellbore on file with the Commission. Reported production runs from November 2004 to August 2026, totalling 768,766 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 $10K, with roughly $5K 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 350 thousand cubic feet a month. Its strongest month on the record we hold was September 2017, at 3,681 thousand cubic feet. 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 PENNZOIL-TUBB
- Who operates PENNZOIL-TUBB?
- PENNZOIL-TUBB is operated by Rayden, Railroad Commission of Texas operator number 695567.
- Where is PENNZOIL-TUBB?
- PENNZOIL-TUBB is a Texas gas lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 206330.
- Is PENNZOIL-TUBB still producing?
- PENNZOIL-TUBB is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PENNZOIL-TUBB is August 2026.
- How much has PENNZOIL-TUBB produced?
- PENNZOIL-TUBB has reported 768,766 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2004 and August 2026, from 1 wellbore.
- How much is PENNZOIL-TUBB worth?
- The remaining production from PENNZOIL-TUBB is estimated to be worth about $10K in total as of 27 August 2026, within a range of $8K to $13K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PENNZOIL-TUBB is a fraction of it. The estimate fits an Arps decline curve to the production PENNZOIL-TUBB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PENNZOIL-TUBB is an estimate of value, not an offer and not an appraisal.
- How much income does PENNZOIL-TUBB generate in a year?
- PENNZOIL-TUBB is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PENNZOIL-TUBB receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rayden |
|---|---|
| Field | Crawar (Wolfcamp) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 206330 |
| Wellbores | 1 |
| Reported production | 768,766 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where PENNZOIL-TUBB 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.