LEA, P.J. "B"
LEA, P.J. "B" is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Encore Operating, L.P. It has 2 wellbores on file with the Commission. Reported production runs from August 2005 to August 2026, totalling 160,105 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 $651K, with roughly $123K 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 167 barrels a month, about 84 per wellbore. Its strongest month on the record we hold was April 2023, at 507 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 LEA, P.J. "B"
- Who operates LEA, P.J. "B"?
- LEA, P.J. "B" is operated by Encore Operating, L.P., Railroad Commission of Texas operator number 251727.
- Where is LEA, P.J. "B"?
- LEA, P.J. "B" is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37890.
- Is LEA, P.J. "B" still producing?
- LEA, P.J. "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEA, P.J. "B" is August 2026.
- How much has LEA, P.J. "B" produced?
- LEA, P.J. "B" has reported 160,105 barrels of oil (bbl) to the Railroad Commission of Texas between August 2005 and August 2026, from 2 wellbores.
- How much is LEA, P.J. "B" worth?
- The remaining production from LEA, P.J. "B" is estimated to be worth about $651K in total as of 26 August 2026, within a range of $508K to $794K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEA, P.J. "B" is a fraction of it. The estimate fits an Arps decline curve to the production LEA, P.J. "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEA, P.J. "B" is an estimate of value, not an offer and not an appraisal.
- How much income does LEA, P.J. "B" generate in a year?
- LEA, P.J. "B" is forecast to net about $123K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEA, P.J. "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encore Operating, L.P. |
|---|---|
| Field | Lea (Penn. Detrital) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 37890 |
| Wellbores | 2 |
| Reported production | 160,105 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $651K |
Where LEA, P.J. "B" 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.