PUMA 1697OP
PUMA 1697OP is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Occidental Permian Ltd. It has 1 wellbore on file with the Commission. Reported production runs from March 2025 to August 2026, totalling 234,749 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 $9.9M, with roughly $4.0M 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 14,426 barrels a month. Its strongest month on the record we hold was May 2025, at 43,937 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PUMA 1697OP
- Who operates PUMA 1697OP?
- PUMA 1697OP is operated by Occidental Permian Ltd., Railroad Commission of Texas operator number 617544.
- Where is PUMA 1697OP?
- PUMA 1697OP is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64548.
- Is PUMA 1697OP still producing?
- PUMA 1697OP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PUMA 1697OP is August 2026.
- How much has PUMA 1697OP produced?
- PUMA 1697OP has reported 234,749 barrels of oil (bbl) to the Railroad Commission of Texas between March 2025 and August 2026, from 1 wellbore.
- How much is PUMA 1697OP worth?
- The remaining production from PUMA 1697OP is estimated to be worth about $9.9M in total as of 27 August 2026, within a range of $8.1M to $11.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PUMA 1697OP is a fraction of it. The estimate fits an Arps decline curve to the production PUMA 1697OP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PUMA 1697OP is an estimate of value, not an offer and not an appraisal.
- How much income does PUMA 1697OP generate in a year?
- PUMA 1697OP is forecast to net about $4.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PUMA 1697OP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Occidental Permian Ltd. |
|---|---|
| Field | Emma (Barnett Shale) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 64548 |
| Wellbores | 1 |
| Reported production | 234,749 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.9M |
Where PUMA 1697OP 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.