WEST TYLER (PALUXY BANKHEAD)
WEST TYLER (PALUXY BANKHEAD) is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Palmer Petroleum Inc. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 339,935 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 $2.7M, with roughly $623K 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 1,042 barrels a month, about 174 per wellbore. Its strongest month on the record we hold was October 2024, at 2,079 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 WEST TYLER (PALUXY BANKHEAD)
- Who operates WEST TYLER (PALUXY BANKHEAD)?
- WEST TYLER (PALUXY BANKHEAD) is operated by Palmer Petroleum Inc., Railroad Commission of Texas operator number 636222.
- Where is WEST TYLER (PALUXY BANKHEAD)?
- WEST TYLER (PALUXY BANKHEAD) is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 12504.
- Is WEST TYLER (PALUXY BANKHEAD) still producing?
- WEST TYLER (PALUXY BANKHEAD) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST TYLER (PALUXY BANKHEAD) is August 2026.
- How much has WEST TYLER (PALUXY BANKHEAD) produced?
- WEST TYLER (PALUXY BANKHEAD) has reported 339,935 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is WEST TYLER (PALUXY BANKHEAD) worth?
- The remaining production from WEST TYLER (PALUXY BANKHEAD) is estimated to be worth about $2.7M in total as of 26 August 2026, within a range of $2.3M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST TYLER (PALUXY BANKHEAD) is a fraction of it. The estimate fits an Arps decline curve to the production WEST TYLER (PALUXY BANKHEAD) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST TYLER (PALUXY BANKHEAD) is an estimate of value, not an offer and not an appraisal.
- How much income does WEST TYLER (PALUXY BANKHEAD) generate in a year?
- WEST TYLER (PALUXY BANKHEAD) is forecast to net about $623K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WEST TYLER (PALUXY BANKHEAD) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Palmer Petroleum Inc. |
|---|---|
| Field | Tyler, W. (Paluxy Bankhead) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 12504 |
| Wellbores | 6 |
| Reported production | 339,935 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where WEST TYLER (PALUXY BANKHEAD) 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.