PEGGY 10
PEGGY 10 is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Lario Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from August 2021 to August 2026, totalling 221,585 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 $211K, with roughly $168K 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 932 barrels a month. Its strongest month on the record we hold was October 2021, at 21,007 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 PEGGY 10
- Who operates PEGGY 10?
- PEGGY 10 is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is PEGGY 10?
- PEGGY 10 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56254.
- Is PEGGY 10 still producing?
- PEGGY 10 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEGGY 10 is August 2026.
- How much has PEGGY 10 produced?
- PEGGY 10 has reported 221,585 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is PEGGY 10 worth?
- The remaining production from PEGGY 10 is estimated to be worth about $211K in total as of 27 August 2026, within a range of $165K to $257K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEGGY 10 is a fraction of it. The estimate fits an Arps decline curve to the production PEGGY 10 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEGGY 10 is an estimate of value, not an offer and not an appraisal.
- How much income does PEGGY 10 generate in a year?
- PEGGY 10 is forecast to net about $168K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PEGGY 10 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lario Oil & Gas Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 56254 |
| Wellbores | 1 |
| Reported production | 221,585 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $211K |
Where PEGGY 10 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.