STEVIE RAY E ALLOCATION
STEVIE RAY E ALLOCATION 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 September 2021 to August 2026, totalling 382,134 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 $6.0M, with roughly $1.7M 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 2,423 barrels a month. Its strongest month on the record we hold was December 2021, at 35,172 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 STEVIE RAY E ALLOCATION
- Who operates STEVIE RAY E ALLOCATION?
- STEVIE RAY E ALLOCATION is operated by Petrolegacy Energy II, LLC, Railroad Commission of Texas operator number 660299.
- Where is STEVIE RAY E ALLOCATION?
- STEVIE RAY E ALLOCATION is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56667.
- Is STEVIE RAY E ALLOCATION still producing?
- STEVIE RAY E ALLOCATION is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STEVIE RAY E ALLOCATION is August 2026.
- How much has STEVIE RAY E ALLOCATION produced?
- STEVIE RAY E ALLOCATION has reported 382,134 barrels of oil (bbl) to the Railroad Commission of Texas between September 2021 and August 2026, from 1 wellbore.
- How much is STEVIE RAY E ALLOCATION worth?
- The remaining production from STEVIE RAY E ALLOCATION is estimated to be worth about $6.0M in total as of 26 August 2026, within a range of $5.0M to $7.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STEVIE RAY E ALLOCATION is a fraction of it. The estimate fits an Arps decline curve to the production STEVIE RAY E ALLOCATION has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STEVIE RAY E ALLOCATION is an estimate of value, not an offer and not an appraisal.
- How much income does STEVIE RAY E ALLOCATION generate in a year?
- STEVIE RAY E ALLOCATION is forecast to net about $1.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STEVIE RAY E ALLOCATION 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 | 56667 |
| Wellbores | 1 |
| Reported production | 382,134 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.0M |
Where STEVIE RAY E ALLOCATION 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.