PONY
PONY is a Texas oil lease in Colorado County, Railroad Commission district 03, operated by Square Mile Energy, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 31,922 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 $617K, with roughly $119K 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 151 barrels a month. Its strongest month on the record we hold was January 2017, at 595 barrels. 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 PONY
- Who operates PONY?
- PONY is operated by Square Mile Energy, L.L.C., Railroad Commission of Texas operator number 810815.
- Where is PONY?
- PONY is a Texas oil lease in Colorado County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26996.
- Is PONY still producing?
- PONY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PONY is August 2026.
- How much has PONY produced?
- PONY has reported 31,922 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is PONY worth?
- The remaining production from PONY is estimated to be worth about $617K in total as of 27 August 2026, within a range of $481K to $753K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PONY is a fraction of it. The estimate fits an Arps decline curve to the production PONY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PONY is an estimate of value, not an offer and not an appraisal.
- How much income does PONY generate in a year?
- PONY is forecast to net about $119K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PONY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Square Mile Energy, L.L.C. |
|---|---|
| Field | Sublime (12000) |
| County | Colorado County, Texas |
| RRC district | 03 |
| Lease number | 26996 |
| Wellbores | 1 |
| Reported production | 31,922 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $617K |
Where PONY 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.