THOMAS
THOMAS is a Texas oil lease in Borden County, Railroad Commission district 8A, operated by Ped Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 2005 to August 2026, totalling 52,188 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 $470K, with roughly $90K 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 124 barrels a month. Its strongest month on the record we hold was January 2017, at 804 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 THOMAS
- Who operates THOMAS?
- THOMAS is operated by Ped Oil Corporation, Railroad Commission of Texas operator number 649480.
- Where is THOMAS?
- THOMAS is a Texas oil lease in Borden County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68754.
- Is THOMAS still producing?
- THOMAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THOMAS is August 2026.
- How much has THOMAS produced?
- THOMAS has reported 52,188 barrels of oil (bbl) to the Railroad Commission of Texas between January 2005 and August 2026, from 1 wellbore.
- How much is THOMAS worth?
- The remaining production from THOMAS is estimated to be worth about $470K in total as of 26 August 2026, within a range of $367K to $574K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THOMAS is a fraction of it. The estimate fits an Arps decline curve to the production THOMAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THOMAS is an estimate of value, not an offer and not an appraisal.
- How much income does THOMAS generate in a year?
- THOMAS is forecast to net about $90K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in THOMAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ped Oil Corporation |
|---|---|
| Field | Ackerly, E. (Penn.) |
| County | Borden County, Texas |
| RRC district | 8A |
| Lease number | 68754 |
| Wellbores | 1 |
| Reported production | 52,188 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $470K |
Where THOMAS 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.