PENNYBACKER E UNIT
PENNYBACKER E UNIT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Petrolegacy Energy II, LLC. It has 3 wellbores on file with the Commission. Reported production runs from May 2022 to August 2026, totalling 582,554 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 $13.3M, with roughly $3.9M 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 6,404 barrels a month, about 2,135 per wellbore. Its strongest month on the record we hold was March 2023, at 61,265 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 PENNYBACKER E UNIT
- Who operates PENNYBACKER E UNIT?
- PENNYBACKER E UNIT is operated by Petrolegacy Energy II, LLC, Railroad Commission of Texas operator number 660299.
- Where is PENNYBACKER E UNIT?
- PENNYBACKER E UNIT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58462.
- Is PENNYBACKER E UNIT still producing?
- PENNYBACKER E UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PENNYBACKER E UNIT is August 2026.
- How much has PENNYBACKER E UNIT produced?
- PENNYBACKER E UNIT has reported 582,554 barrels of oil (bbl) to the Railroad Commission of Texas between May 2022 and August 2026, from 3 wellbores.
- How much is PENNYBACKER E UNIT worth?
- The remaining production from PENNYBACKER E UNIT is estimated to be worth about $13.3M in total as of 26 August 2026, within a range of $11.1M to $15.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PENNYBACKER E UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PENNYBACKER E UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PENNYBACKER E UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PENNYBACKER E UNIT generate in a year?
- PENNYBACKER E UNIT is forecast to net about $3.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PENNYBACKER E UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petrolegacy Energy II, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 58462 |
| Wellbores | 3 |
| Reported production | 582,554 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.3M |
Where PENNYBACKER E 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.