TALON
TALON is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Piedra Operating, LLC. It has 4 wellbores on file with the Commission. Reported production runs from November 2010 to August 2026, totalling 207,920 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 $3.0M, with roughly $655K 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 1,030 barrels a month, about 258 per wellbore. Its strongest month on the record we hold was October 2025, at 1,726 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 TALON
- Who operates TALON?
- TALON is operated by Piedra Operating, LLC, Railroad Commission of Texas operator number 664930.
- Where is TALON?
- TALON is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41352.
- Is TALON still producing?
- TALON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TALON is August 2026.
- How much has TALON produced?
- TALON has reported 207,920 barrels of oil (bbl) to the Railroad Commission of Texas between November 2010 and August 2026, from 4 wellbores.
- How much is TALON worth?
- The remaining production from TALON is estimated to be worth about $3.0M in total as of 26 August 2026, within a range of $2.5M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TALON is a fraction of it. The estimate fits an Arps decline curve to the production TALON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TALON is an estimate of value, not an offer and not an appraisal.
- How much income does TALON generate in a year?
- TALON is forecast to net about $655K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TALON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Piedra Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 41352 |
| Wellbores | 4 |
| Reported production | 207,920 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where TALON 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.