DEGAN SAND UNIT
DEGAN SAND UNIT is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Pennzoil Petroleum Company. It has 14 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 461,127 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 $373K 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 486 barrels a month, about 35 per wellbore. Its strongest month on the record we hold was September 2016, at 1,120 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 DEGAN SAND UNIT
- Who operates DEGAN SAND UNIT?
- DEGAN SAND UNIT is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is DEGAN SAND UNIT?
- DEGAN SAND UNIT is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 16376.
- Is DEGAN SAND UNIT still producing?
- DEGAN SAND UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEGAN SAND UNIT is August 2026.
- How much has DEGAN SAND UNIT produced?
- DEGAN SAND UNIT has reported 461,127 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 14 wellbores.
- How much is DEGAN SAND UNIT worth?
- The remaining production from DEGAN SAND UNIT is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.3M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEGAN SAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production DEGAN SAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEGAN SAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does DEGAN SAND UNIT generate in a year?
- DEGAN SAND UNIT is forecast to net about $373K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEGAN SAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Tioga, East (Degan Sand) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 16376 |
| Wellbores | 14 |
| Reported production | 461,127 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where DEGAN SAND UNIT 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.