PEDRO VEGA UNIT
PEDRO VEGA UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Venado Oil & Gas, LLC. It has 2 wellbores on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 373,415 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 $3.6M, with roughly $929K 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 1,370 barrels a month, about 685 per wellbore. Its strongest month on the record we hold was January 2018, at 25,521 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 PEDRO VEGA UNIT
- Who operates PEDRO VEGA UNIT?
- PEDRO VEGA UNIT is operated by Venado Oil & Gas, LLC, Railroad Commission of Texas operator number 884501.
- Where is PEDRO VEGA UNIT?
- PEDRO VEGA UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26658.
- Is PEDRO VEGA UNIT still producing?
- PEDRO VEGA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEDRO VEGA UNIT is August 2026.
- How much has PEDRO VEGA UNIT produced?
- PEDRO VEGA UNIT has reported 373,415 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 2 wellbores.
- How much is PEDRO VEGA UNIT worth?
- The remaining production from PEDRO VEGA UNIT is estimated to be worth about $3.6M in total as of 26 August 2026, within a range of $3.0M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEDRO VEGA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PEDRO VEGA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEDRO VEGA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PEDRO VEGA UNIT generate in a year?
- PEDRO VEGA UNIT is forecast to net about $929K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PEDRO VEGA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Venado Oil & Gas, LLC |
|---|---|
| Field | Southern Bay (Eagle Ford) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 26658 |
| Wellbores | 2 |
| Reported production | 373,415 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.6M |
Where PEDRO VEGA 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.