PENA CREEK III UNIT E
PENA CREEK III UNIT E is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2011 to August 2026, totalling 110,975 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 $649K, with roughly $114K 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 136 barrels a month. Its strongest month on the record we hold was August 2018, at 1,503 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 PENA CREEK III UNIT E
- Who operates PENA CREEK III UNIT E?
- PENA CREEK III UNIT E is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is PENA CREEK III UNIT E?
- PENA CREEK III UNIT E is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 15554.
- Is PENA CREEK III UNIT E still producing?
- PENA CREEK III UNIT E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PENA CREEK III UNIT E is August 2026.
- How much has PENA CREEK III UNIT E produced?
- PENA CREEK III UNIT E has reported 110,975 barrels of oil (bbl) to the Railroad Commission of Texas between August 2011 and August 2026, from 1 wellbore.
- How much is PENA CREEK III UNIT E worth?
- The remaining production from PENA CREEK III UNIT E is estimated to be worth about $649K in total as of 27 August 2026, within a range of $506K to $792K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PENA CREEK III UNIT E is a fraction of it. The estimate fits an Arps decline curve to the production PENA CREEK III UNIT E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PENA CREEK III UNIT E is an estimate of value, not an offer and not an appraisal.
- How much income does PENA CREEK III UNIT E generate in a year?
- PENA CREEK III UNIT E is forecast to net about $114K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PENA CREEK III UNIT E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 15554 |
| Wellbores | 1 |
| Reported production | 110,975 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $649K |
Where PENA CREEK III UNIT E 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.