RCC 79
RCC 79 is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Pitts Energy Co. It has 2 wellbores on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 170,474 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 $2.3M, with roughly $596K 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 862 barrels a month, about 431 per wellbore. Its strongest month on the record we hold was March 2018, at 6,743 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 RCC 79
- Who operates RCC 79?
- RCC 79 is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is RCC 79?
- RCC 79 is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70694.
- Is RCC 79 still producing?
- RCC 79 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RCC 79 is August 2026.
- How much has RCC 79 produced?
- RCC 79 has reported 170,474 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 2 wellbores.
- How much is RCC 79 worth?
- The remaining production from RCC 79 is estimated to be worth about $2.3M in total as of 26 August 2026, within a range of $1.8M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RCC 79 is a fraction of it. The estimate fits an Arps decline curve to the production RCC 79 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RCC 79 is an estimate of value, not an offer and not an appraisal.
- How much income does RCC 79 generate in a year?
- RCC 79 is forecast to net about $596K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RCC 79 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 | 70694 |
| Wellbores | 2 |
| Reported production | 170,474 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.3M |
Where RCC 79 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.