PECAN
PECAN is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Clear Water Inc. It has 2 wellbores on file with the Commission. Reported production runs from May 2010 to August 2026, totalling 98,022 barrels. The lease is intermittent. 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 $1.4M, with roughly $230K 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 170 barrels a month, about 85 per wellbore. Its strongest month on the record we hold was November 2022, at 3,356 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 PECAN
- Who operates PECAN?
- PECAN is operated by Clear Water Inc., Railroad Commission of Texas operator number 159643.
- Where is PECAN?
- PECAN is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40128.
- Is PECAN still producing?
- PECAN is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PECAN is August 2026.
- How much has PECAN produced?
- PECAN has reported 98,022 barrels of oil (bbl) to the Railroad Commission of Texas between May 2010 and August 2026, from 2 wellbores.
- How much is PECAN worth?
- The remaining production from PECAN is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PECAN is a fraction of it. The estimate fits an Arps decline curve to the production PECAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PECAN is an estimate of value, not an offer and not an appraisal.
- How much income does PECAN generate in a year?
- PECAN is forecast to net about $230K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PECAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Clear Water Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 40128 |
| Wellbores | 2 |
| Reported production | 98,022 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where PECAN 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.