T-Y
T-Y is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Terrace Petroleum Corporation. It has 14 wellbores on file with the Commission. Reported production runs from December 2003 to August 2026, totalling 1,029,230 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 $135K, with roughly $30K expected over the next twelve months.
| Operator | Terrace Petroleum Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 37223 |
| Wellbores | 14 |
| Reported production | 1,029,230 bbl |
| First reported | December 2003 |
| Last reported | August 2026 |
| Estimated royalty value | $135K |
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.