TERRY, I.W.
TERRY, I.W. is a Texas oil lease in Sterling County, Railroad Commission district 08, operated by Rme Petroleum Company. It has 5 wellbores on file with the Commission. Reported production runs from June 2001 to August 2026, totalling 196,496 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 $280K, with roughly $42K 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 33 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was May 2017, at 211 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 TERRY, I.W.
- Who operates TERRY, I.W.?
- TERRY, I.W. is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is TERRY, I.W.?
- TERRY, I.W. is a Texas oil lease in Sterling County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36793.
- Is TERRY, I.W. still producing?
- TERRY, I.W. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TERRY, I.W. is August 2026.
- How much has TERRY, I.W. produced?
- TERRY, I.W. has reported 196,496 barrels of oil (bbl) to the Railroad Commission of Texas between June 2001 and August 2026, from 5 wellbores.
- How much is TERRY, I.W. worth?
- The remaining production from TERRY, I.W. is estimated to be worth about $280K in total as of 27 August 2026, within a range of $154K to $406K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TERRY, I.W. is a fraction of it. The estimate fits an Arps decline curve to the production TERRY, I.W. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TERRY, I.W. is an estimate of value, not an offer and not an appraisal.
- How much income does TERRY, I.W. generate in a year?
- TERRY, I.W. is forecast to net about $42K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TERRY, I.W. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Conger, SW (Penn) |
| County | Sterling County, Texas |
| RRC district | 08 |
| Lease number | 36793 |
| Wellbores | 5 |
| Reported production | 196,496 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $280K |
Where TERRY, I.W. 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.