PEGGY 5
PEGGY 5 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 September 2017 to August 2026, totalling 543,545 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 $1.2M 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 1,358 barrels a month. Its strongest month on the record we hold was October 2017, at 38,436 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 PEGGY 5
- Who operates PEGGY 5?
- PEGGY 5 is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is PEGGY 5?
- PEGGY 5 is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53157.
- Is PEGGY 5 still producing?
- PEGGY 5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEGGY 5 is August 2026.
- How much has PEGGY 5 produced?
- PEGGY 5 has reported 543,545 barrels of oil (bbl) to the Railroad Commission of Texas between September 2017 and August 2026, from 1 wellbore.
- How much is PEGGY 5 worth?
- The remaining production from PEGGY 5 is estimated to be worth about $6.0M in total as of 27 August 2026, within a range of $5.0M to $7.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEGGY 5 is a fraction of it. The estimate fits an Arps decline curve to the production PEGGY 5 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEGGY 5 is an estimate of value, not an offer and not an appraisal.
- How much income does PEGGY 5 generate in a year?
- PEGGY 5 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PEGGY 5 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) R 40 Exc |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 53157 |
| Wellbores | 1 |
| Reported production | 543,545 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.0M |
Where PEGGY 5 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.