PIB
PIB is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Oxyrock Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from November 2024 to August 2026, totalling 379,909 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 $10.6M, with roughly $4.1M 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 10,640 barrels a month, about 5,320 per wellbore. Its strongest month on the record we hold was January 2025, at 74,258 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 PIB
- Who operates PIB?
- PIB is operated by Oxyrock Operating, LLC, Railroad Commission of Texas operator number 102324.
- Where is PIB?
- PIB is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63077.
- Is PIB still producing?
- PIB is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIB is August 2026.
- How much has PIB produced?
- PIB has reported 379,909 barrels of oil (bbl) to the Railroad Commission of Texas between November 2024 and August 2026, from 2 wellbores.
- How much is PIB worth?
- The remaining production from PIB is estimated to be worth about $10.6M in total as of 26 August 2026, within a range of $8.7M to $12.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIB is a fraction of it. The estimate fits an Arps decline curve to the production PIB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIB is an estimate of value, not an offer and not an appraisal.
- How much income does PIB generate in a year?
- PIB is forecast to net about $4.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIB receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxyrock Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 63077 |
| Wellbores | 2 |
| Reported production | 379,909 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.6M |
Where PIB 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.