SOUTH PENA CREEK UNIT
SOUTH PENA CREEK UNIT is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by Conoco Inc. It has 86 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 821,597 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 $511K, with roughly $239K 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 467 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was March 2017, at 1,525 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 SOUTH PENA CREEK UNIT
- Who operates SOUTH PENA CREEK UNIT?
- SOUTH PENA CREEK UNIT is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is SOUTH PENA CREEK UNIT?
- SOUTH PENA CREEK UNIT is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 10690.
- Is SOUTH PENA CREEK UNIT still producing?
- SOUTH PENA CREEK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTH PENA CREEK UNIT is August 2026.
- How much has SOUTH PENA CREEK UNIT produced?
- SOUTH PENA CREEK UNIT has reported 821,597 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 86 wellbores.
- How much is SOUTH PENA CREEK UNIT worth?
- The remaining production from SOUTH PENA CREEK UNIT is estimated to be worth about $511K in total as of 27 August 2026, within a range of $398K to $623K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTH PENA CREEK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SOUTH PENA CREEK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTH PENA CREEK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTH PENA CREEK UNIT generate in a year?
- SOUTH PENA CREEK UNIT is forecast to net about $239K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SOUTH PENA CREEK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Pena Creek (San Miguel 3RD) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 10690 |
| Wellbores | 86 |
| Reported production | 821,597 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $511K |
Where SOUTH PENA CREEK UNIT 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.