FAITH-SAN PEDRO
FAITH-SAN PEDRO is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by 3r-B Oil Venture. It has 48 wellbores on file with the Commission. Reported production runs from April 2001 to August 2026, totalling 7,242,704 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 $72.9M, with roughly $14.1M 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 12,418 barrels a month, about 259 per wellbore. Its strongest month on the record we hold was May 2018, at 311,563 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 FAITH-SAN PEDRO
- Who operates FAITH-SAN PEDRO?
- FAITH-SAN PEDRO is operated by 3r-B Oil Venture, Railroad Commission of Texas operator number 953641.
- Where is FAITH-SAN PEDRO?
- FAITH-SAN PEDRO is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15317.
- Is FAITH-SAN PEDRO still producing?
- FAITH-SAN PEDRO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAITH-SAN PEDRO is August 2026.
- How much has FAITH-SAN PEDRO produced?
- FAITH-SAN PEDRO has reported 7,242,704 barrels of oil (bbl) to the Railroad Commission of Texas between April 2001 and August 2026, from 48 wellbores.
- How much is FAITH-SAN PEDRO worth?
- The remaining production from FAITH-SAN PEDRO is estimated to be worth about $72.9M in total as of 27 August 2026, within a range of $59.8M to $86.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAITH-SAN PEDRO is a fraction of it. The estimate fits an Arps decline curve to the production FAITH-SAN PEDRO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAITH-SAN PEDRO is an estimate of value, not an offer and not an appraisal.
- How much income does FAITH-SAN PEDRO generate in a year?
- FAITH-SAN PEDRO is forecast to net about $14.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FAITH-SAN PEDRO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 3r-B Oil Venture |
|---|---|
| Field | Midway (2300 Oil) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 15317 |
| Wellbores | 48 |
| Reported production | 7,242,704 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $72.9M |
Where FAITH-SAN PEDRO 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.