PETTIT
PETTIT is a Texas gas lease in Cherokee County, Railroad Commission district 06, operated by Neumin Production Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 1,181,513 thousand cubic feet. 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 $331K, with roughly $58K 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 2,534 thousand cubic feet a month. Its strongest month on the record we hold was October 2021, at 7,607 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PETTIT
- Who operates PETTIT?
- PETTIT is operated by Neumin Production Company, Railroad Commission of Texas operator number 605990.
- Where is PETTIT?
- PETTIT is a Texas gas lease in Cherokee County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 238594.
- Is PETTIT still producing?
- PETTIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETTIT is August 2026.
- How much has PETTIT produced?
- PETTIT has reported 1,181,513 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is PETTIT worth?
- The remaining production from PETTIT is estimated to be worth about $331K in total as of 26 August 2026, within a range of $274K to $387K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETTIT is a fraction of it. The estimate fits an Arps decline curve to the production PETTIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETTIT is an estimate of value, not an offer and not an appraisal.
- How much income does PETTIT generate in a year?
- PETTIT is forecast to net about $58K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETTIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Neumin Production Company |
|---|---|
| Field | Reklaw (Travis Peak) |
| County | Cherokee County, Texas |
| RRC district | 06 |
| Lease number | 238594 |
| Wellbores | 1 |
| Reported production | 1,181,513 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $331K |
Where PETTIT 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.