PETIT
PETIT is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by D. W. R. Oil Co., Inc. It has 2 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 66,475 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $14K, with roughly $3K expected over the next twelve months.
| Operator | D. W. R. Oil Co., Inc. |
|---|---|
| Field | Noodle, Nw. (Canyon Sd. 4000) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 31345 |
| Wellbores | 2 |
| Reported production | 66,475 bbl |
| First reported | October 2013 |
| Last reported | August 2026 |
| Estimated royalty value | $14K |
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.