PENNY
PENNY is a Texas oil lease in Rusk County, Railroad Commission district 6E, operated by Maxima Energy Corp. It has 5 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 55,782 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 $376K, with roughly $72K 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 102 barrels a month, about 20 per wellbore. Its strongest month on the record we hold was February 2018, at 164 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 PENNY
- Who operates PENNY?
- PENNY is operated by Maxima Energy Corp., Railroad Commission of Texas operator number 534234.
- Where is PENNY?
- PENNY is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 07684.
- Is PENNY still producing?
- PENNY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PENNY is August 2026.
- How much has PENNY produced?
- PENNY has reported 55,782 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 5 wellbores.
- How much is PENNY worth?
- The remaining production from PENNY is estimated to be worth about $376K in total as of 26 August 2026, within a range of $293K to $458K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PENNY is a fraction of it. The estimate fits an Arps decline curve to the production PENNY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PENNY is an estimate of value, not an offer and not an appraisal.
- How much income does PENNY generate in a year?
- PENNY is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PENNY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxima Energy Corp. |
|---|---|
| Field | East Texas |
| County | Rusk County, Texas |
| RRC district | 6E |
| Lease number | 07684 |
| Wellbores | 5 |
| Reported production | 55,782 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $376K |
Where PENNY 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.