TARGAC UNIT
TARGAC UNIT is a Texas oil lease in Lavaca County, Railroad Commission district 02, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from January 2013 to August 2026, totalling 138,832 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 $608K, with roughly $137K 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 230 barrels a month. Its strongest month on the record we hold was May 2016, at 967 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 TARGAC UNIT
- Who operates TARGAC UNIT?
- TARGAC UNIT is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is TARGAC UNIT?
- TARGAC UNIT is a Texas oil lease in Lavaca County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 10403.
- Is TARGAC UNIT still producing?
- TARGAC UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TARGAC UNIT is August 2026.
- How much has TARGAC UNIT produced?
- TARGAC UNIT has reported 138,832 barrels of oil (bbl) to the Railroad Commission of Texas between January 2013 and August 2026, from 1 wellbore.
- How much is TARGAC UNIT worth?
- The remaining production from TARGAC UNIT is estimated to be worth about $608K in total as of 27 August 2026, within a range of $474K to $741K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TARGAC UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TARGAC UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TARGAC UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TARGAC UNIT generate in a year?
- TARGAC UNIT is forecast to net about $137K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TARGAC UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Lavaca County, Texas |
| RRC district | 02 |
| Lease number | 10403 |
| Wellbores | 1 |
| Reported production | 138,832 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $608K |
Where TARGAC UNIT 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.