PUGH
PUGH is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Glahn Resources, Inc. It has 7 wellbores on file with the Commission. Reported production runs from January 2006 to August 2026, totalling 14,719 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 $365K, with roughly $55K 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 38 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was November 2016, at 287 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 PUGH
- Who operates PUGH?
- PUGH is operated by Glahn Resources, Inc., Railroad Commission of Texas operator number 307644.
- Where is PUGH?
- PUGH is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 29678.
- Is PUGH still producing?
- PUGH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PUGH is August 2026.
- How much has PUGH produced?
- PUGH has reported 14,719 barrels of oil (bbl) to the Railroad Commission of Texas between January 2006 and August 2026, from 7 wellbores.
- How much is PUGH worth?
- The remaining production from PUGH is estimated to be worth about $365K in total as of 26 August 2026, within a range of $201K to $529K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PUGH is a fraction of it. The estimate fits an Arps decline curve to the production PUGH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PUGH is an estimate of value, not an offer and not an appraisal.
- How much income does PUGH generate in a year?
- PUGH is forecast to net about $55K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PUGH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Glahn Resources, Inc. |
|---|---|
| Field | Moon, Se. (Marble Falls 3940) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 29678 |
| Wellbores | 7 |
| Reported production | 14,719 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $365K |
Where PUGH 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.