PETREX
PETREX is a Texas oil lease in Archer County, Railroad Commission district 09, operated by Talon Production, Inc. It has 17 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 49,265 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 $245K, with roughly $47K 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 55 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was April 2020, at 243 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 PETREX
- Who operates PETREX?
- PETREX is operated by Talon Production, Inc., Railroad Commission of Texas operator number 835602.
- Where is PETREX?
- PETREX is a Texas oil lease in Archer County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 13957.
- Is PETREX still producing?
- PETREX is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETREX is August 2026.
- How much has PETREX produced?
- PETREX has reported 49,265 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 17 wellbores.
- How much is PETREX worth?
- The remaining production from PETREX is estimated to be worth about $245K in total as of 26 August 2026, within a range of $135K to $355K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETREX is a fraction of it. The estimate fits an Arps decline curve to the production PETREX has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETREX is an estimate of value, not an offer and not an appraisal.
- How much income does PETREX generate in a year?
- PETREX is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETREX receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Talon Production, Inc. |
|---|---|
| Field | Archer County Regular |
| County | Archer County, Texas |
| RRC district | 09 |
| Lease number | 13957 |
| Wellbores | 17 |
| Reported production | 49,265 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $245K |
Where PETREX 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.