PICKENS, BYRD
PICKENS, BYRD is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Pennzoil Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,943 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 $380K, with roughly $61K 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 50 barrels a month. Its strongest month on the record we hold was May 2017, at 142 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PICKENS, BYRD
- Who operates PICKENS, BYRD?
- PICKENS, BYRD is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is PICKENS, BYRD?
- PICKENS, BYRD is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 21877.
- Is PICKENS, BYRD still producing?
- PICKENS, BYRD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PICKENS, BYRD is August 2026.
- How much has PICKENS, BYRD produced?
- PICKENS, BYRD has reported 30,943 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PICKENS, BYRD worth?
- The remaining production from PICKENS, BYRD is estimated to be worth about $380K in total as of 26 August 2026, within a range of $209K to $551K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PICKENS, BYRD is a fraction of it. The estimate fits an Arps decline curve to the production PICKENS, BYRD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PICKENS, BYRD is an estimate of value, not an offer and not an appraisal.
- How much income does PICKENS, BYRD generate in a year?
- PICKENS, BYRD is forecast to net about $61K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PICKENS, BYRD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Southmayd, Ne. (Strawn) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 21877 |
| Wellbores | 1 |
| Reported production | 30,943 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $380K |
Where PICKENS, BYRD 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.