PETTUS HEIRS
PETTUS HEIRS is a Texas oil lease in Goliad County, Railroad Commission district 02, operated by Magnum Producing, LP. It has 1 wellbore on file with the Commission. Reported production runs from September 2024 to August 2026, totalling 2,575 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 $508K, with roughly $95K 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 139 barrels a month. Its strongest month on the record we hold was July 2025, at 169 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 PETTUS HEIRS
- Who operates PETTUS HEIRS?
- PETTUS HEIRS is operated by Magnum Producing, LP, Railroad Commission of Texas operator number 521516.
- Where is PETTUS HEIRS?
- PETTUS HEIRS is a Texas oil lease in Goliad County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 12863.
- Is PETTUS HEIRS still producing?
- PETTUS HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETTUS HEIRS is August 2026.
- How much has PETTUS HEIRS produced?
- PETTUS HEIRS has reported 2,575 barrels of oil (bbl) to the Railroad Commission of Texas between September 2024 and August 2026, from 1 wellbore.
- How much is PETTUS HEIRS worth?
- The remaining production from PETTUS HEIRS is estimated to be worth about $508K in total as of 27 August 2026, within a range of $396K to $619K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETTUS HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production PETTUS HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETTUS HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does PETTUS HEIRS generate in a year?
- PETTUS HEIRS is forecast to net about $95K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PETTUS HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnum Producing, LP |
|---|---|
| Field | Riverdale (Reklaw) |
| County | Goliad County, Texas |
| RRC district | 02 |
| Lease number | 12863 |
| Wellbores | 1 |
| Reported production | 2,575 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $508K |
Where PETTUS HEIRS 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.