PREWETT UNIT
PREWETT UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Venado Oil & Gas, LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2014 to August 2026, totalling 84,562 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 $858K, with roughly $191K 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 257 barrels a month. Its strongest month on the record we hold was June 2016, at 990 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 PREWETT UNIT
- Who operates PREWETT UNIT?
- PREWETT UNIT is operated by Venado Oil & Gas, LLC, Railroad Commission of Texas operator number 884501.
- Where is PREWETT UNIT?
- PREWETT UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26665.
- Is PREWETT UNIT still producing?
- PREWETT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PREWETT UNIT is August 2026.
- How much has PREWETT UNIT produced?
- PREWETT UNIT has reported 84,562 barrels of oil (bbl) to the Railroad Commission of Texas between April 2014 and August 2026, from 1 wellbore.
- How much is PREWETT UNIT worth?
- The remaining production from PREWETT UNIT is estimated to be worth about $858K in total as of 26 August 2026, within a range of $670K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PREWETT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PREWETT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PREWETT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PREWETT UNIT generate in a year?
- PREWETT UNIT is forecast to net about $191K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PREWETT 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 | 26665 |
| Wellbores | 1 |
| Reported production | 84,562 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $858K |
Where PREWETT 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.