P & T UNIT
P & T UNIT is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Texas Exploration & Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 67,006 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 $356K, with roughly $68K 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 89 barrels a month. Its strongest month on the record we hold was April 2019, at 172 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 P & T UNIT
- Who operates P & T UNIT?
- P & T UNIT is operated by Texas Exploration & Prod. Co., Railroad Commission of Texas operator number 845842.
- Where is P & T UNIT?
- P & T UNIT is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 26688.
- Is P & T UNIT still producing?
- P & T UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for P & T UNIT is August 2026.
- How much has P & T UNIT produced?
- P & T UNIT has reported 67,006 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is P & T UNIT worth?
- The remaining production from P & T UNIT is estimated to be worth about $356K in total as of 26 August 2026, within a range of $196K to $516K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in P & T UNIT is a fraction of it. The estimate fits an Arps decline curve to the production P & T UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for P & T UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does P & T UNIT generate in a year?
- P & T UNIT is forecast to net about $68K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in P & T UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texas Exploration & Prod. Co. |
|---|---|
| Field | Tepco (3100 Ellenburger) |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 26688 |
| Wellbores | 1 |
| Reported production | 67,006 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $356K |
Where P & T 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.