PAINT RIDGE UNIT
PAINT RIDGE UNIT is a Texas oil lease in Oldham County, Railroad Commission district 10, operated by Presidio Petroleum LLC. It has 29 wellbores on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 722,194 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 $19.8M, with roughly $4.6M 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 6,103 barrels a month, about 210 per wellbore. Its strongest month on the record we hold was December 2019, at 22,610 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 PAINT RIDGE UNIT
- Who operates PAINT RIDGE UNIT?
- PAINT RIDGE UNIT is operated by Presidio Petroleum LLC, Railroad Commission of Texas operator number 676084.
- Where is PAINT RIDGE UNIT?
- PAINT RIDGE UNIT is a Texas oil lease in Oldham County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09887.
- Is PAINT RIDGE UNIT still producing?
- PAINT RIDGE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAINT RIDGE UNIT is August 2026.
- How much has PAINT RIDGE UNIT produced?
- PAINT RIDGE UNIT has reported 722,194 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 29 wellbores.
- How much is PAINT RIDGE UNIT worth?
- The remaining production from PAINT RIDGE UNIT is estimated to be worth about $19.8M in total as of 26 August 2026, within a range of $16.4M to $23.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAINT RIDGE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PAINT RIDGE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAINT RIDGE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PAINT RIDGE UNIT generate in a year?
- PAINT RIDGE UNIT is forecast to net about $4.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAINT RIDGE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Presidio Petroleum LLC |
|---|---|
| Field | Paint Ridge (Canyon Granite WSH) |
| County | Oldham County, Texas |
| RRC district | 10 |
| Lease number | 09887 |
| Wellbores | 29 |
| Reported production | 722,194 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $19.8M |
Where PAINT RIDGE UNIT 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.