PETIT
PETIT is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by D. W. R. Oil Co., Inc. It has 2 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 66,475 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 $618K, with roughly $117K 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 159 barrels a month, about 80 per wellbore. Its strongest month on the record we hold was July 2016, at 1,122 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 PETIT
- Who operates PETIT?
- PETIT is operated by D. W. R. Oil Co., Inc., Railroad Commission of Texas operator number 195925.
- Where is PETIT?
- PETIT is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31345.
- Is PETIT still producing?
- PETIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETIT is August 2026.
- How much has PETIT produced?
- PETIT has reported 66,475 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 2 wellbores.
- How much is PETIT worth?
- The remaining production from PETIT is estimated to be worth about $618K in total as of 26 August 2026, within a range of $482K to $754K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETIT is a fraction of it. The estimate fits an Arps decline curve to the production PETIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETIT is an estimate of value, not an offer and not an appraisal.
- How much income does PETIT generate in a year?
- PETIT is forecast to net about $117K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | D. W. R. Oil Co., Inc. |
|---|---|
| Field | Noodle, NW. (Canyon SD. 4000) |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 31345 |
| Wellbores | 2 |
| Reported production | 66,475 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $618K |
Where PETIT 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.