PAN HEAD
PAN HEAD is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Gordy Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2020 to August 2026, totalling 332,338 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 $3.2M, with roughly $1.4M 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 2,478 barrels a month. Its strongest month on the record we hold was June 2021, at 16,839 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 PAN HEAD
- Who operates PAN HEAD?
- PAN HEAD is operated by Gordy Oil Company, Railroad Commission of Texas operator number 317150.
- Where is PAN HEAD?
- PAN HEAD is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54022.
- Is PAN HEAD still producing?
- PAN HEAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAN HEAD is August 2026.
- How much has PAN HEAD produced?
- PAN HEAD has reported 332,338 barrels of oil (bbl) to the Railroad Commission of Texas between April 2020 and August 2026, from 1 wellbore.
- How much is PAN HEAD worth?
- The remaining production from PAN HEAD is estimated to be worth about $3.2M in total as of 26 August 2026, within a range of $2.7M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAN HEAD is a fraction of it. The estimate fits an Arps decline curve to the production PAN HEAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAN HEAD is an estimate of value, not an offer and not an appraisal.
- How much income does PAN HEAD generate in a year?
- PAN HEAD is forecast to net about $1.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAN HEAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gordy Oil Company |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 54022 |
| Wellbores | 1 |
| Reported production | 332,338 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where PAN HEAD 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.