PET-CO
PET-CO is a Texas oil lease in Kent County, Railroad Commission district 8A, operated by Las Colinas Oil Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 151,676 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 $912K, with roughly $175K 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 243 barrels a month. Its strongest month on the record we hold was October 2022, at 509 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 PET-CO
- Who operates PET-CO?
- PET-CO is operated by Las Colinas Oil Corp., Railroad Commission of Texas operator number 487615.
- Where is PET-CO?
- PET-CO is a Texas oil lease in Kent County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 62278.
- Is PET-CO still producing?
- PET-CO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PET-CO is August 2026.
- How much has PET-CO produced?
- PET-CO has reported 151,676 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PET-CO worth?
- The remaining production from PET-CO is estimated to be worth about $912K in total as of 29 August 2026, within a range of $711K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PET-CO is a fraction of it. The estimate fits an Arps decline curve to the production PET-CO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PET-CO is an estimate of value, not an offer and not an appraisal.
- How much income does PET-CO generate in a year?
- PET-CO is forecast to net about $175K across the whole undivided lease over the twelve months following 29 August 2026, before income tax. A royalty owner in PET-CO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Las Colinas Oil Corp. |
|---|---|
| Field | Lyn-Kay South (Canyon Reef) |
| County | Kent County, Texas |
| RRC district | 8A |
| Lease number | 62278 |
| Wellbores | 1 |
| Reported production | 151,676 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $912K |
Where PET-CO 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.