VASTAR FEE
VASTAR FEE is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Penwell Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 21,146 barrels. The lease is intermittent. 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 $340K, with roughly $65K 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 79 barrels a month. Its strongest month on the record we hold was December 2024, at 707 barrels. 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 VASTAR FEE
- Who operates VASTAR FEE?
- VASTAR FEE is operated by Penwell Energy, Inc., Railroad Commission of Texas operator number 652943.
- Where is VASTAR FEE?
- VASTAR FEE is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26908.
- Is VASTAR FEE still producing?
- VASTAR FEE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for VASTAR FEE is August 2026.
- How much has VASTAR FEE produced?
- VASTAR FEE has reported 21,146 barrels of oil (bbl) to the Railroad Commission of Texas between June 2015 and August 2026, from 1 wellbore.
- How much is VASTAR FEE worth?
- The remaining production from VASTAR FEE is estimated to be worth about $340K in total as of 26 August 2026, within a range of $187K to $492K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VASTAR FEE is a fraction of it. The estimate fits an Arps decline curve to the production VASTAR FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VASTAR FEE is an estimate of value, not an offer and not an appraisal.
- How much income does VASTAR FEE generate in a year?
- VASTAR FEE is forecast to net about $65K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VASTAR FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penwell Energy, Inc. |
|---|---|
| Field | Sour Lake (Ey-3) |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 26908 |
| Wellbores | 1 |
| Reported production | 21,146 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $340K |
Where VASTAR FEE 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.