PENA NORTH
PENA NORTH is a Texas oil lease in La Salle County, Railroad Commission district 01, operated by Carrizo (Eagle Ford) LLC. It has 4 wellbores on file with the Commission. Reported production runs from July 2018 to August 2026, totalling 893,254 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 $3.6M, with roughly $1.5M 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 2,482 barrels a month, about 621 per wellbore. Its strongest month on the record we hold was December 2018, at 56,738 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 PENA NORTH
- Who operates PENA NORTH?
- PENA NORTH is operated by Carrizo (Eagle Ford) LLC, Railroad Commission of Texas operator number 135316.
- Where is PENA NORTH?
- PENA NORTH is a Texas oil lease in La Salle County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 19351.
- Is PENA NORTH still producing?
- PENA NORTH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PENA NORTH is August 2026.
- How much has PENA NORTH produced?
- PENA NORTH has reported 893,254 barrels of oil (bbl) to the Railroad Commission of Texas between July 2018 and August 2026, from 4 wellbores.
- How much is PENA NORTH worth?
- The remaining production from PENA NORTH is estimated to be worth about $3.6M in total as of 26 August 2026, within a range of $2.9M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PENA NORTH is a fraction of it. The estimate fits an Arps decline curve to the production PENA NORTH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PENA NORTH is an estimate of value, not an offer and not an appraisal.
- How much income does PENA NORTH generate in a year?
- PENA NORTH is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PENA NORTH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Carrizo (Eagle Ford) LLC |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | La Salle County, Texas |
| RRC district | 01 |
| Lease number | 19351 |
| Wellbores | 4 |
| Reported production | 893,254 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where PENA NORTH 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.