PEGGY
PEGGY is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Lario Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 493,121 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 $1.6M, with roughly $730K 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 819 barrels a month. Its strongest month on the record we hold was May 2016, at 27,046 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 PEGGY
- Who operates PEGGY?
- PEGGY is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is PEGGY?
- PEGGY is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47528.
- Is PEGGY still producing?
- PEGGY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEGGY is August 2026.
- How much has PEGGY produced?
- PEGGY has reported 493,121 barrels of oil (bbl) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is PEGGY worth?
- The remaining production from PEGGY is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEGGY is a fraction of it. The estimate fits an Arps decline curve to the production PEGGY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEGGY is an estimate of value, not an offer and not an appraisal.
- How much income does PEGGY generate in a year?
- PEGGY is forecast to net about $730K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PEGGY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lario Oil & Gas Company |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 47528 |
| Wellbores | 1 |
| Reported production | 493,121 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where PEGGY 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.