LABUS PITTMAN UNIT
LABUS PITTMAN UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Marathon Oil Ef LLC. It has 8 wellbores on file with the Commission. Reported production runs from January 2016 to August 2026, totalling 2,151,935 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 $17.1M, with roughly $3.8M 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 5,599 barrels a month, about 700 per wellbore. Its strongest month on the record we hold was February 2018, at 92,677 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 LABUS PITTMAN UNIT
- Who operates LABUS PITTMAN UNIT?
- LABUS PITTMAN UNIT is operated by Marathon Oil Ef LLC, Railroad Commission of Texas operator number 525398.
- Where is LABUS PITTMAN UNIT?
- LABUS PITTMAN UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 11138.
- Is LABUS PITTMAN UNIT still producing?
- LABUS PITTMAN UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LABUS PITTMAN UNIT is August 2026.
- How much has LABUS PITTMAN UNIT produced?
- LABUS PITTMAN UNIT has reported 2,151,935 barrels of oil (bbl) to the Railroad Commission of Texas between January 2016 and August 2026, from 8 wellbores.
- How much is LABUS PITTMAN UNIT worth?
- The remaining production from LABUS PITTMAN UNIT is estimated to be worth about $17.1M in total as of 26 August 2026, within a range of $14.2M to $20.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LABUS PITTMAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LABUS PITTMAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LABUS PITTMAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LABUS PITTMAN UNIT generate in a year?
- LABUS PITTMAN UNIT is forecast to net about $3.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LABUS PITTMAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Ef LLC |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 11138 |
| Wellbores | 8 |
| Reported production | 2,151,935 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17.1M |
Where LABUS PITTMAN UNIT 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.