PEEL
PEEL is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Moriah Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 1995 to August 2026, totalling 103,496 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 $365K, with roughly $70K 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 103 barrels a month. Its strongest month on the record we hold was September 2020, at 310 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 PEEL
- Who operates PEEL?
- PEEL is operated by Moriah Resources, Inc., Railroad Commission of Texas operator number 586564.
- Where is PEEL?
- PEEL is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67457.
- Is PEEL still producing?
- PEEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEEL is August 2026.
- How much has PEEL produced?
- PEEL has reported 103,496 barrels of oil (bbl) to the Railroad Commission of Texas between August 1995 and August 2026, from 1 wellbore.
- How much is PEEL worth?
- The remaining production from PEEL is estimated to be worth about $365K in total as of 26 August 2026, within a range of $285K to $445K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEEL is a fraction of it. The estimate fits an Arps decline curve to the production PEEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEEL is an estimate of value, not an offer and not an appraisal.
- How much income does PEEL generate in a year?
- PEEL is forecast to net about $70K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PEEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Moriah Resources, Inc. |
|---|---|
| Field | Three Way (San Andres) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 67457 |
| Wellbores | 1 |
| Reported production | 103,496 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $365K |
Where PEEL 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.