GREENFOX /PETTIT B/ UNIT
GREENFOX /PETTIT B/ UNIT is a Texas oil lease in Marion County, Railroad Commission district 06, operated by Fair Oil Company. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 246,858 barrels. The lease is intermittent. 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 $214K, with roughly $41K 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 52 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was December 2017, at 337 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 GREENFOX /PETTIT B/ UNIT
- Who operates GREENFOX /PETTIT B/ UNIT?
- GREENFOX /PETTIT B/ UNIT is operated by Fair Oil Company, Railroad Commission of Texas operator number 258400.
- Where is GREENFOX /PETTIT B/ UNIT?
- GREENFOX /PETTIT B/ UNIT is a Texas oil lease in Marion County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 05264.
- Is GREENFOX /PETTIT B/ UNIT still producing?
- GREENFOX /PETTIT B/ UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GREENFOX /PETTIT B/ UNIT is August 2026.
- How much has GREENFOX /PETTIT B/ UNIT produced?
- GREENFOX /PETTIT B/ UNIT has reported 246,858 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is GREENFOX /PETTIT B/ UNIT worth?
- The remaining production from GREENFOX /PETTIT B/ UNIT is estimated to be worth about $214K in total as of 27 August 2026, within a range of $118K to $310K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREENFOX /PETTIT B/ UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GREENFOX /PETTIT B/ UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREENFOX /PETTIT B/ UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GREENFOX /PETTIT B/ UNIT generate in a year?
- GREENFOX /PETTIT B/ UNIT is forecast to net about $41K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GREENFOX /PETTIT B/ UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fair Oil Company |
|---|---|
| Field | Green Fox (Pettit) |
| County | Marion County, Texas |
| RRC district | 06 |
| Lease number | 05264 |
| Wellbores | 15 |
| Reported production | 246,858 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $214K |
Where GREENFOX /PETTIT B/ 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.