PELICAN
PELICAN is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by D-Mil Production, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2023 to August 2026, totalling 3,637 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 $306K, with roughly $59K 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 79 barrels a month. Its strongest month on the record we hold was May 2023, at 261 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PELICAN
- Who operates PELICAN?
- PELICAN is operated by D-Mil Production, Inc., Railroad Commission of Texas operator number 196830.
- Where is PELICAN?
- PELICAN is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28049.
- Is PELICAN still producing?
- PELICAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PELICAN is August 2026.
- How much has PELICAN produced?
- PELICAN has reported 3,637 barrels of oil (bbl) to the Railroad Commission of Texas between January 2023 and August 2026, from 1 wellbore.
- How much is PELICAN worth?
- The remaining production from PELICAN is estimated to be worth about $306K in total as of 27 August 2026, within a range of $168K to $444K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PELICAN is a fraction of it. The estimate fits an Arps decline curve to the production PELICAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PELICAN is an estimate of value, not an offer and not an appraisal.
- How much income does PELICAN generate in a year?
- PELICAN is forecast to net about $59K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PELICAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | D-Mil Production, Inc. |
|---|---|
| Field | Lick Branch (8800 Sherwood) |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 28049 |
| Wellbores | 1 |
| Reported production | 3,637 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $306K |
Where PELICAN 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.