POSEY
POSEY is a Texas oil lease in Guadalupe County, Railroad Commission district 01, operated by Seagull Operating Co., Inc. It has 10 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 184,835 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 $216K, with roughly $42K 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 54 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was December 2017, at 355 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 POSEY
- Who operates POSEY?
- POSEY is operated by Seagull Operating Co., Inc., Railroad Commission of Texas operator number 761710.
- Where is POSEY?
- POSEY is a Texas oil lease in Guadalupe County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 02802.
- Is POSEY still producing?
- POSEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POSEY is August 2026.
- How much has POSEY produced?
- POSEY has reported 184,835 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 10 wellbores.
- How much is POSEY worth?
- The remaining production from POSEY is estimated to be worth about $216K in total as of 27 August 2026, within a range of $119K to $313K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POSEY is a fraction of it. The estimate fits an Arps decline curve to the production POSEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POSEY is an estimate of value, not an offer and not an appraisal.
- How much income does POSEY generate in a year?
- POSEY is forecast to net about $42K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in POSEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seagull Operating Co., Inc. |
|---|---|
| Field | Darst Creek (Edwards) |
| County | Guadalupe County, Texas |
| RRC district | 01 |
| Lease number | 02802 |
| Wellbores | 10 |
| Reported production | 184,835 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $216K |
Where POSEY 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.