PAPPY UNIT NO. 2
PAPPY UNIT NO. 2 is a Texas oil lease in San Patricio County, Railroad Commission district 04, operated by Sandalwood Exploration, L.P. It has 1 wellbore on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 36,509 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 $753K, with roughly $145K 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 203 barrels a month. Its strongest month on the record we hold was November 2018, at 480 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 PAPPY UNIT NO. 2
- Who operates PAPPY UNIT NO. 2?
- PAPPY UNIT NO. 2 is operated by Sandalwood Exploration, L.P., Railroad Commission of Texas operator number 747194.
- Where is PAPPY UNIT NO. 2?
- PAPPY UNIT NO. 2 is a Texas oil lease in San Patricio County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 13901.
- Is PAPPY UNIT NO. 2 still producing?
- PAPPY UNIT NO. 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAPPY UNIT NO. 2 is August 2026.
- How much has PAPPY UNIT NO. 2 produced?
- PAPPY UNIT NO. 2 has reported 36,509 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 1 wellbore.
- How much is PAPPY UNIT NO. 2 worth?
- The remaining production from PAPPY UNIT NO. 2 is estimated to be worth about $753K in total as of 27 August 2026, within a range of $587K to $919K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAPPY UNIT NO. 2 is a fraction of it. The estimate fits an Arps decline curve to the production PAPPY UNIT NO. 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAPPY UNIT NO. 2 is an estimate of value, not an offer and not an appraisal.
- How much income does PAPPY UNIT NO. 2 generate in a year?
- PAPPY UNIT NO. 2 is forecast to net about $145K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PAPPY UNIT NO. 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sandalwood Exploration, L.P. |
|---|---|
| Field | Papalote, South (Catahoula) |
| County | San Patricio County, Texas |
| RRC district | 04 |
| Lease number | 13901 |
| Wellbores | 1 |
| Reported production | 36,509 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $753K |
Where PAPPY UNIT NO. 2 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.