BULLPEN
BULLPEN is a Texas oil lease in San Jacinto County, Railroad Commission district 03, operated by New Century Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2013 to August 2026, totalling 129,531 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 $776K, with roughly $176K 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 258 barrels a month. Its strongest month on the record we hold was July 2016, at 1,271 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BULLPEN
- Who operates BULLPEN?
- BULLPEN is operated by New Century Exploration, Inc., Railroad Commission of Texas operator number 606055.
- Where is BULLPEN?
- BULLPEN is a Texas oil lease in San Jacinto County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27467.
- Is BULLPEN still producing?
- BULLPEN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BULLPEN is August 2026.
- How much has BULLPEN produced?
- BULLPEN has reported 129,531 barrels of oil (bbl) to the Railroad Commission of Texas between August 2013 and August 2026, from 1 wellbore.
- How much is BULLPEN worth?
- The remaining production from BULLPEN is estimated to be worth about $776K in total as of 27 August 2026, within a range of $606K to $947K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BULLPEN is a fraction of it. The estimate fits an Arps decline curve to the production BULLPEN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BULLPEN is an estimate of value, not an offer and not an appraisal.
- How much income does BULLPEN generate in a year?
- BULLPEN is forecast to net about $176K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BULLPEN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | New Century Exploration, Inc. |
|---|---|
| Field | Lick Branch, W. (Kirby SD.) |
| County | San Jacinto County, Texas |
| RRC district | 03 |
| Lease number | 27467 |
| Wellbores | 1 |
| Reported production | 129,531 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $776K |
Where BULLPEN 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.