PETERS UNIT
PETERS UNIT is a Texas oil lease in Brazos County, Railroad Commission district 03, operated by CML Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2013 to August 2026, totalling 147,471 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 $842K, with roughly $261K 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 379 barrels a month. Its strongest month on the record we hold was May 2016, at 954 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 PETERS UNIT
- Who operates PETERS UNIT?
- PETERS UNIT is operated by CML Exploration, LLC, Railroad Commission of Texas operator number 120648.
- Where is PETERS UNIT?
- PETERS UNIT is a Texas oil lease in Brazos County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26370.
- Is PETERS UNIT still producing?
- PETERS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETERS UNIT is August 2026.
- How much has PETERS UNIT produced?
- PETERS UNIT has reported 147,471 barrels of oil (bbl) to the Railroad Commission of Texas between September 2013 and August 2026, from 1 wellbore.
- How much is PETERS UNIT worth?
- The remaining production from PETERS UNIT is estimated to be worth about $842K in total as of 26 August 2026, within a range of $657K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETERS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PETERS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETERS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PETERS UNIT generate in a year?
- PETERS UNIT is forecast to net about $261K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETERS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | CML Exploration, LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Brazos County, Texas |
| RRC district | 03 |
| Lease number | 26370 |
| Wellbores | 1 |
| Reported production | 147,471 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $842K |
Where PETERS 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.