DEVON A
DEVON A is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Pitts Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 45,775 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 $944K, with roughly $242K 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 352 barrels a month. Its strongest month on the record we hold was December 2018, at 3,419 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 DEVON A
- Who operates DEVON A?
- DEVON A is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is DEVON A?
- DEVON A is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70873.
- Is DEVON A still producing?
- DEVON A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DEVON A is August 2026.
- How much has DEVON A produced?
- DEVON A has reported 45,775 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 1 wellbore.
- How much is DEVON A worth?
- The remaining production from DEVON A is estimated to be worth about $944K in total as of 26 August 2026, within a range of $736K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DEVON A is a fraction of it. The estimate fits an Arps decline curve to the production DEVON A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DEVON A is an estimate of value, not an offer and not an appraisal.
- How much income does DEVON A generate in a year?
- DEVON A is forecast to net about $242K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DEVON A receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitts Energy Co. |
|---|---|
| Field | Tedbit (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 70873 |
| Wellbores | 1 |
| Reported production | 45,775 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $944K |
Where DEVON A 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.