PETEET
PETEET is a Texas oil lease in Harrison County, Railroad Commission district 06, operated by Rose City Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 128,624 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 $2.2M, with roughly $592K 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 1,111 barrels a month. Its strongest month on the record we hold was August 2022, at 14,232 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 PETEET
- Who operates PETEET?
- PETEET is operated by Rose City Resources, LLC, Railroad Commission of Texas operator number 727892.
- Where is PETEET?
- PETEET is a Texas oil lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15935.
- Is PETEET still producing?
- PETEET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETEET is August 2026.
- How much has PETEET produced?
- PETEET has reported 128,624 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is PETEET worth?
- The remaining production from PETEET is estimated to be worth about $2.2M in total as of 26 August 2026, within a range of $1.9M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETEET is a fraction of it. The estimate fits an Arps decline curve to the production PETEET has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETEET is an estimate of value, not an offer and not an appraisal.
- How much income does PETEET generate in a year?
- PETEET is forecast to net about $592K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETEET receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rose City Resources, LLC |
|---|---|
| Field | Whelan (Pettit) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 15935 |
| Wellbores | 1 |
| Reported production | 128,624 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.2M |
Where PETEET 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.