SALT LICK B
SALT LICK B is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Petrolegacy Energy II, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 101,891 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 $1.7M, with roughly $552K 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 1,044 barrels a month. Its strongest month on the record we hold was April 2023, at 10,137 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 SALT LICK B
- Who operates SALT LICK B?
- SALT LICK B is operated by Petrolegacy Energy II, LLC, Railroad Commission of Texas operator number 660299.
- Where is SALT LICK B?
- SALT LICK B is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58673.
- Is SALT LICK B still producing?
- SALT LICK B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALT LICK B is August 2026.
- How much has SALT LICK B produced?
- SALT LICK B has reported 101,891 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is SALT LICK B worth?
- The remaining production from SALT LICK B is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALT LICK B is a fraction of it. The estimate fits an Arps decline curve to the production SALT LICK B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALT LICK B is an estimate of value, not an offer and not an appraisal.
- How much income does SALT LICK B generate in a year?
- SALT LICK B is forecast to net about $552K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SALT LICK B 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 | 58673 |
| Wellbores | 1 |
| Reported production | 101,891 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where SALT LICK B 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.