PECAN STATE UNIT
PECAN STATE UNIT is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 42 wellbores on file with the Commission. Reported production runs from November 2015 to August 2026, totalling 13,702,905 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 $280.5M, with roughly $73.5M 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 118,378 barrels a month, about 2,819 per wellbore. Its strongest month on the record we hold was March 2024, at 337,344 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 PECAN STATE UNIT
- Who operates PECAN STATE UNIT?
- PECAN STATE UNIT is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is PECAN STATE UNIT?
- PECAN STATE UNIT is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47292.
- Is PECAN STATE UNIT still producing?
- PECAN STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PECAN STATE UNIT is August 2026.
- How much has PECAN STATE UNIT produced?
- PECAN STATE UNIT has reported 13,702,905 barrels of oil (bbl) to the Railroad Commission of Texas between November 2015 and August 2026, from 42 wellbores.
- How much is PECAN STATE UNIT worth?
- The remaining production from PECAN STATE UNIT is estimated to be worth about $280.5M in total as of 27 August 2026, within a range of $230.0M to $330.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PECAN STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PECAN STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PECAN STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PECAN STATE UNIT generate in a year?
- PECAN STATE UNIT is forecast to net about $73.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PECAN STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 47292 |
| Wellbores | 42 |
| Reported production | 13,702,905 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $280.5M |
Where PECAN STATE 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.