POET
POET is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Baron Exploration Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 65,212 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 $336K, with roughly $60K 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 80 barrels a month, about 40 per wellbore. Its strongest month on the record we hold was July 2017, at 505 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 POET
- Who operates POET?
- POET is operated by Baron Exploration Co., Railroad Commission of Texas operator number 052973.
- Where is POET?
- POET is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28149.
- Is POET still producing?
- POET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POET is August 2026.
- How much has POET produced?
- POET has reported 65,212 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is POET worth?
- The remaining production from POET is estimated to be worth about $336K in total as of 26 August 2026, within a range of $185K to $487K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POET is a fraction of it. The estimate fits an Arps decline curve to the production POET has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POET is an estimate of value, not an offer and not an appraisal.
- How much income does POET generate in a year?
- POET is forecast to net about $60K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POET receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Baron Exploration Co. |
|---|---|
| Field | Southmayd, North (Baker-Viola) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 28149 |
| Wellbores | 2 |
| Reported production | 65,212 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $336K |
Where POET 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.