T. BOONE PICKENS
T. BOONE PICKENS is a Texas oil lease in Roberts County, Railroad Commission district 10, operated by Great Plains Operating, LLC. It has 5 wellbores on file with the Commission. Reported production runs from February 2011 to August 2026, totalling 478,592 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 $2.2M, with roughly $330K 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 214 barrels a month, about 43 per wellbore. Its strongest month on the record we hold was May 2016, at 3,364 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 T. BOONE PICKENS
- Who operates T. BOONE PICKENS?
- T. BOONE PICKENS is operated by Great Plains Operating, LLC., Railroad Commission of Texas operator number 328742.
- Where is T. BOONE PICKENS?
- T. BOONE PICKENS is a Texas oil lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08543.
- Is T. BOONE PICKENS still producing?
- T. BOONE PICKENS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for T. BOONE PICKENS is August 2026.
- How much has T. BOONE PICKENS produced?
- T. BOONE PICKENS has reported 478,592 barrels of oil (bbl) to the Railroad Commission of Texas between February 2011 and August 2026, from 5 wellbores.
- How much is T. BOONE PICKENS worth?
- The remaining production from T. BOONE PICKENS is estimated to be worth about $2.2M in total as of 26 August 2026, within a range of $1.7M to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in T. BOONE PICKENS is a fraction of it. The estimate fits an Arps decline curve to the production T. BOONE PICKENS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for T. BOONE PICKENS is an estimate of value, not an offer and not an appraisal.
- How much income does T. BOONE PICKENS generate in a year?
- T. BOONE PICKENS is forecast to net about $330K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in T. BOONE PICKENS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Great Plains Operating, LLC. |
|---|---|
| Field | Lard Ranch (Granite Wash -C-) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 08543 |
| Wellbores | 5 |
| Reported production | 478,592 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where T. BOONE PICKENS 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.