QUARTZ
QUARTZ is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from December 2021 to August 2026, totalling 315,371 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 $4.1M, with roughly $1.2M 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 1,808 barrels a month. Its strongest month on the record we hold was January 2022, at 36,604 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 QUARTZ
- Who operates QUARTZ?
- QUARTZ is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is QUARTZ?
- QUARTZ is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 20605.
- Is QUARTZ still producing?
- QUARTZ is currently producing. The most recent month of production reported to the Railroad Commission of Texas for QUARTZ is August 2026.
- How much has QUARTZ produced?
- QUARTZ has reported 315,371 barrels of oil (bbl) to the Railroad Commission of Texas between December 2021 and August 2026, from 1 wellbore.
- How much is QUARTZ worth?
- The remaining production from QUARTZ is estimated to be worth about $4.1M in total as of 27 August 2026, within a range of $3.4M to $4.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in QUARTZ is a fraction of it. The estimate fits an Arps decline curve to the production QUARTZ has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for QUARTZ is an estimate of value, not an offer and not an appraisal.
- How much income does QUARTZ generate in a year?
- QUARTZ is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in QUARTZ receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 20605 |
| Wellbores | 1 |
| Reported production | 315,371 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where QUARTZ 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.