PETTUS
PETTUS is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Ironwood Oil & Gas LLC. It has 3 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 211,610 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 $545K, with roughly $166K 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 324 barrels a month, about 108 per wellbore. Its strongest month on the record we hold was November 2016, at 6,941 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
- Who operates PETTUS?
- PETTUS is operated by Ironwood Oil & Gas LLC, Railroad Commission of Texas operator number 426635.
- Where is PETTUS?
- PETTUS is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 17560.
- Is PETTUS still producing?
- PETTUS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETTUS is August 2026.
- How much has PETTUS produced?
- PETTUS has reported 211,610 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 3 wellbores.
- How much is PETTUS worth?
- The remaining production from PETTUS is estimated to be worth about $545K in total as of 27 August 2026, within a range of $425K to $665K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETTUS is a fraction of it. The estimate fits an Arps decline curve to the production PETTUS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETTUS is an estimate of value, not an offer and not an appraisal.
- How much income does PETTUS generate in a year?
- PETTUS is forecast to net about $166K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PETTUS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ironwood Oil & Gas LLC |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 17560 |
| Wellbores | 3 |
| Reported production | 211,610 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $545K |
Where PETTUS 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.