TEXAS CONSOLIDATED #1
TEXAS CONSOLIDATED #1 is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Pennzoil Petroleum Company. It has 28 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,479,639 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 $462K, with roughly $297K 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 883 barrels a month, about 32 per wellbore. Its strongest month on the record we hold was June 2021, at 3,685 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 TEXAS CONSOLIDATED #1
- Who operates TEXAS CONSOLIDATED #1?
- TEXAS CONSOLIDATED #1 is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is TEXAS CONSOLIDATED #1?
- TEXAS CONSOLIDATED #1 is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 07060.
- Is TEXAS CONSOLIDATED #1 still producing?
- TEXAS CONSOLIDATED #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TEXAS CONSOLIDATED #1 is August 2026.
- How much has TEXAS CONSOLIDATED #1 produced?
- TEXAS CONSOLIDATED #1 has reported 2,479,639 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 28 wellbores.
- How much is TEXAS CONSOLIDATED #1 worth?
- The remaining production from TEXAS CONSOLIDATED #1 is estimated to be worth about $462K in total as of 27 August 2026, within a range of $360K to $563K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TEXAS CONSOLIDATED #1 is a fraction of it. The estimate fits an Arps decline curve to the production TEXAS CONSOLIDATED #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TEXAS CONSOLIDATED #1 is an estimate of value, not an offer and not an appraisal.
- How much income does TEXAS CONSOLIDATED #1 generate in a year?
- TEXAS CONSOLIDATED #1 is forecast to net about $297K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TEXAS CONSOLIDATED #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | University Waddell (Devonian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 07060 |
| Wellbores | 28 |
| Reported production | 2,479,639 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $462K |
Where TEXAS CONSOLIDATED #1 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.