PRICE -8-
PRICE -8- is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Mammoth Exploration LLC. It has 5 wellbores on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 300,970 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 $2.7M, with roughly $868K 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 1,582 barrels a month, about 316 per wellbore. Its strongest month on the record we hold was June 2020, at 9,397 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PRICE -8-
- Who operates PRICE -8-?
- PRICE -8- is operated by Mammoth Exploration LLC, Railroad Commission of Texas operator number 523592.
- Where is PRICE -8-?
- PRICE -8- is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51034.
- Is PRICE -8- still producing?
- PRICE -8- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICE -8- is August 2026.
- How much has PRICE -8- produced?
- PRICE -8- has reported 300,970 barrels of oil (bbl) to the Railroad Commission of Texas between December 2018 and August 2026, from 5 wellbores.
- How much is PRICE -8- worth?
- The remaining production from PRICE -8- is estimated to be worth about $2.7M in total as of 27 August 2026, within a range of $2.3M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRICE -8- is a fraction of it. The estimate fits an Arps decline curve to the production PRICE -8- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRICE -8- is an estimate of value, not an offer and not an appraisal.
- How much income does PRICE -8- generate in a year?
- PRICE -8- is forecast to net about $868K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRICE -8- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mammoth Exploration LLC |
|---|---|
| Field | Crossett, S. (Detrital) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 51034 |
| Wellbores | 5 |
| Reported production | 300,970 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where PRICE -8- 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.