PEGASUS FIELD UNIT 3
PEGASUS FIELD UNIT 3 is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Cog Operating LLC. It has 145 wellbores on file with the Commission. Reported production runs from May 2010 to August 2026, totalling 30,460,467 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 $264.6M, with roughly $59.2M 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 64,998 barrels a month, about 448 per wellbore. Its strongest month on the record we hold was August 2017, at 586,559 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PEGASUS FIELD UNIT 3
- Who operates PEGASUS FIELD UNIT 3?
- PEGASUS FIELD UNIT 3 is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is PEGASUS FIELD UNIT 3?
- PEGASUS FIELD UNIT 3 is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 17154.
- Is PEGASUS FIELD UNIT 3 still producing?
- PEGASUS FIELD UNIT 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEGASUS FIELD UNIT 3 is August 2026.
- How much has PEGASUS FIELD UNIT 3 produced?
- PEGASUS FIELD UNIT 3 has reported 30,460,467 barrels of oil (bbl) to the Railroad Commission of Texas between May 2010 and August 2026, from 145 wellbores.
- How much is PEGASUS FIELD UNIT 3 worth?
- The remaining production from PEGASUS FIELD UNIT 3 is estimated to be worth about $264.6M in total as of 26 August 2026, within a range of $217.0M to $312.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEGASUS FIELD UNIT 3 is a fraction of it. The estimate fits an Arps decline curve to the production PEGASUS FIELD UNIT 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEGASUS FIELD UNIT 3 is an estimate of value, not an offer and not an appraisal.
- How much income does PEGASUS FIELD UNIT 3 generate in a year?
- PEGASUS FIELD UNIT 3 is forecast to net about $59.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PEGASUS FIELD UNIT 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Pegasus (Consolidated) |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 17154 |
| Wellbores | 145 |
| Reported production | 30,460,467 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $264.6M |
Where PEGASUS FIELD UNIT 3 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.