PRICE
PRICE is a Texas oil lease in Crosby County, Railroad Commission district 8A, operated by Stelzer Drilling Co. Inc. It has 19 wellbores on file with the Commission. Reported production runs from April 1999 to August 2026, totalling 672,393 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 $5.0M, with roughly $1.1M 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 1,639 barrels a month, about 86 per wellbore. Its strongest month on the record we hold was March 2018, at 3,113 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
- Who operates PRICE?
- PRICE is operated by Stelzer Drilling Co. Inc., Railroad Commission of Texas operator number 817394.
- Where is PRICE?
- PRICE is a Texas oil lease in Crosby County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68092.
- Is PRICE still producing?
- PRICE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICE is August 2026.
- How much has PRICE produced?
- PRICE has reported 672,393 barrels of oil (bbl) to the Railroad Commission of Texas between April 1999 and August 2026, from 19 wellbores.
- How much is PRICE worth?
- The remaining production from PRICE is estimated to be worth about $5.0M in total as of 26 August 2026, within a range of $4.1M to $5.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRICE is a fraction of it. The estimate fits an Arps decline curve to the production PRICE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRICE is an estimate of value, not an offer and not an appraisal.
- How much income does PRICE generate in a year?
- PRICE is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRICE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stelzer Drilling Co. Inc. |
|---|---|
| Field | Hoople (Clear Fork) |
| County | Crosby County, Texas |
| RRC district | 8A |
| Lease number | 68092 |
| Wellbores | 19 |
| Reported production | 672,393 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.0M |
Where PRICE 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.