PETERSEN
PETERSEN is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by RGX Energy LLC. It has 3 wellbores on file with the Commission. Reported production runs from July 2018 to August 2026, totalling 248,559 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 $643K, with roughly $400K 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 1,088 barrels a month, about 363 per wellbore. Its strongest month on the record we hold was September 2018, at 19,084 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 PETERSEN
- Who operates PETERSEN?
- PETERSEN is operated by RGX Energy LLC, Railroad Commission of Texas operator number 704793.
- Where is PETERSEN?
- PETERSEN is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70778.
- Is PETERSEN still producing?
- PETERSEN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETERSEN is August 2026.
- How much has PETERSEN produced?
- PETERSEN has reported 248,559 barrels of oil (bbl) to the Railroad Commission of Texas between July 2018 and August 2026, from 3 wellbores.
- How much is PETERSEN worth?
- The remaining production from PETERSEN is estimated to be worth about $643K in total as of 26 August 2026, within a range of $534K to $753K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETERSEN is a fraction of it. The estimate fits an Arps decline curve to the production PETERSEN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETERSEN is an estimate of value, not an offer and not an appraisal.
- How much income does PETERSEN generate in a year?
- PETERSEN is forecast to net about $400K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETERSEN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | RGX Energy LLC |
|---|---|
| Field | Tex-Mex, Se. (Wichita Albany) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 70778 |
| Wellbores | 3 |
| Reported production | 248,559 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $643K |
Where PETERSEN 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.