ROARK
ROARK is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Penrod Oil Company Of Texas, Inc. It has 12 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 5,557 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 $23K, with roughly $4K 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 6 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was December 2016, at 40 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 ROARK
- Who operates ROARK?
- ROARK is operated by Penrod Oil Company Of Texas, Inc, Railroad Commission of Texas operator number 652875.
- Where is ROARK?
- ROARK is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 01255.
- Is ROARK still producing?
- ROARK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ROARK is August 2026.
- How much has ROARK produced?
- ROARK has reported 5,557 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 12 wellbores.
- How much is ROARK worth?
- The remaining production from ROARK is estimated to be worth about $23K in total as of 26 August 2026, within a range of $0 to $46K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ROARK is a fraction of it. The estimate fits an Arps decline curve to the production ROARK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ROARK is an estimate of value, not an offer and not an appraisal.
- How much income does ROARK generate in a year?
- ROARK is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ROARK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penrod Oil Company Of Texas, Inc |
|---|---|
| Field | Minerva-Rockdale |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 01255 |
| Wellbores | 12 |
| Reported production | 5,557 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $23K |
Where ROARK 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.