PITMAN
PITMAN is a Texas oil lease in Dawson County, Railroad Commission district 08, operated by Henry Petroleum Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 82,725 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 $110K, with roughly $21K 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 February 2024, at 235 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 PITMAN
- Who operates PITMAN?
- PITMAN is operated by Henry Petroleum Corp., Railroad Commission of Texas operator number 378635.
- Where is PITMAN?
- PITMAN is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 22296.
- Is PITMAN still producing?
- PITMAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PITMAN is August 2026.
- How much has PITMAN produced?
- PITMAN has reported 82,725 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PITMAN worth?
- The remaining production from PITMAN is estimated to be worth about $110K in total as of 27 August 2026, within a range of $60K to $159K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PITMAN is a fraction of it. The estimate fits an Arps decline curve to the production PITMAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PITMAN is an estimate of value, not an offer and not an appraisal.
- How much income does PITMAN generate in a year?
- PITMAN is forecast to net about $21K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PITMAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Petroleum Corp. |
|---|---|
| Field | Sulphur Draw (Dean 8790) |
| County | Dawson County, Texas |
| RRC district | 08 |
| Lease number | 22296 |
| Wellbores | 1 |
| Reported production | 82,725 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $110K |
Where PITMAN 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.