PETER
PETER is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Cinnabar Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 43,085 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 $2.6M, with roughly $585K 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 836 barrels a month. Its strongest month on the record we hold was May 2018, at 1,357 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 PETER
- Who operates PETER?
- PETER is operated by Cinnabar Operating, LLC, Railroad Commission of Texas operator number 153510.
- Where is PETER?
- PETER is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51553.
- Is PETER still producing?
- PETER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETER is August 2026.
- How much has PETER produced?
- PETER has reported 43,085 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 1 wellbore.
- How much is PETER worth?
- The remaining production from PETER is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.0M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETER is a fraction of it. The estimate fits an Arps decline curve to the production PETER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETER is an estimate of value, not an offer and not an appraisal.
- How much income does PETER generate in a year?
- PETER is forecast to net about $585K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PETER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cinnabar Operating, LLC |
|---|---|
| Field | Jailhouse (Fusselman) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 51553 |
| Wellbores | 1 |
| Reported production | 43,085 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where PETER 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.