PUTNAM THE PIO 32
PUTNAM THE PIO 32 is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Birch Operations, Inc. It has 8 wellbores on file with the Commission. Reported production runs from August 2023 to August 2026, totalling 1,057,458 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 $39.9M, with roughly $10.3M 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 17,636 barrels a month, about 2,204 per wellbore. Its strongest month on the record we hold was October 2023, at 141,018 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PUTNAM THE PIO 32
- Who operates PUTNAM THE PIO 32?
- PUTNAM THE PIO 32 is operated by Birch Operations, Inc., Railroad Commission of Texas operator number 071331.
- Where is PUTNAM THE PIO 32?
- PUTNAM THE PIO 32 is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60451.
- Is PUTNAM THE PIO 32 still producing?
- PUTNAM THE PIO 32 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PUTNAM THE PIO 32 is August 2026.
- How much has PUTNAM THE PIO 32 produced?
- PUTNAM THE PIO 32 has reported 1,057,458 barrels of oil (bbl) to the Railroad Commission of Texas between August 2023 and August 2026, from 8 wellbores.
- How much is PUTNAM THE PIO 32 worth?
- The remaining production from PUTNAM THE PIO 32 is estimated to be worth about $39.9M in total as of 27 August 2026, within a range of $32.7M to $47.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PUTNAM THE PIO 32 is a fraction of it. The estimate fits an Arps decline curve to the production PUTNAM THE PIO 32 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PUTNAM THE PIO 32 is an estimate of value, not an offer and not an appraisal.
- How much income does PUTNAM THE PIO 32 generate in a year?
- PUTNAM THE PIO 32 is forecast to net about $10.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PUTNAM THE PIO 32 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Birch Operations, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 60451 |
| Wellbores | 8 |
| Reported production | 1,057,458 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $39.9M |
Where PUTNAM THE PIO 32 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.