GOOD OMEN PETTIT UNIT
GOOD OMEN PETTIT UNIT is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Fina Oil & Chemical Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 140,375 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 $474K, with roughly $91K 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 100 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was November 2018, at 383 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GOOD OMEN PETTIT UNIT
- Who operates GOOD OMEN PETTIT UNIT?
- GOOD OMEN PETTIT UNIT is operated by Fina Oil & Chemical Company, Railroad Commission of Texas operator number 268321.
- Where is GOOD OMEN PETTIT UNIT?
- GOOD OMEN PETTIT UNIT is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 03325.
- Is GOOD OMEN PETTIT UNIT still producing?
- GOOD OMEN PETTIT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOOD OMEN PETTIT UNIT is August 2026.
- How much has GOOD OMEN PETTIT UNIT produced?
- GOOD OMEN PETTIT UNIT has reported 140,375 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is GOOD OMEN PETTIT UNIT worth?
- The remaining production from GOOD OMEN PETTIT UNIT is estimated to be worth about $474K in total as of 26 August 2026, within a range of $261K to $688K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOOD OMEN PETTIT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GOOD OMEN PETTIT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOOD OMEN PETTIT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GOOD OMEN PETTIT UNIT generate in a year?
- GOOD OMEN PETTIT UNIT is forecast to net about $91K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GOOD OMEN PETTIT UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fina Oil & Chemical Company |
|---|---|
| Field | Good Omen (Pettit) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 03325 |
| Wellbores | 4 |
| Reported production | 140,375 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $474K |
Where GOOD OMEN PETTIT 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.