WASHINGTON
WASHINGTON is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Penn Virginia Oil & Gas, L.P. It has 3 wellbores on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 509,973 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 $2.8M, with roughly $974K 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 2,030 barrels a month, about 677 per wellbore. Its strongest month on the record we hold was May 2016, at 21,714 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 WASHINGTON
- Who operates WASHINGTON?
- WASHINGTON is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is WASHINGTON?
- WASHINGTON is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 16050.
- Is WASHINGTON still producing?
- WASHINGTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WASHINGTON is August 2026.
- How much has WASHINGTON produced?
- WASHINGTON has reported 509,973 barrels of oil (bbl) to the Railroad Commission of Texas between July 2012 and August 2026, from 3 wellbores.
- How much is WASHINGTON worth?
- The remaining production from WASHINGTON is estimated to be worth about $2.8M in total as of 27 August 2026, within a range of $2.4M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WASHINGTON is a fraction of it. The estimate fits an Arps decline curve to the production WASHINGTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WASHINGTON is an estimate of value, not an offer and not an appraisal.
- How much income does WASHINGTON generate in a year?
- WASHINGTON is forecast to net about $974K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WASHINGTON 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 | 16050 |
| Wellbores | 3 |
| Reported production | 509,973 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.8M |
Where WASHINGTON 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.