PRENTICE NORTHEAST UNIT
PRENTICE NORTHEAST UNIT is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Amoco Production Company. It has 621 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 27,618,318 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 $86.3M, with roughly $19.5M 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 26,700 barrels a month, about 43 per wellbore. Its strongest month on the record we hold was January 2018, at 46,698 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 PRENTICE NORTHEAST UNIT
- Who operates PRENTICE NORTHEAST UNIT?
- PRENTICE NORTHEAST UNIT is operated by Amoco Production Company, Railroad Commission of Texas operator number 020425.
- Where is PRENTICE NORTHEAST UNIT?
- PRENTICE NORTHEAST UNIT is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 18607.
- Is PRENTICE NORTHEAST UNIT still producing?
- PRENTICE NORTHEAST UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRENTICE NORTHEAST UNIT is August 2026.
- How much has PRENTICE NORTHEAST UNIT produced?
- PRENTICE NORTHEAST UNIT has reported 27,618,318 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 621 wellbores.
- How much is PRENTICE NORTHEAST UNIT worth?
- The remaining production from PRENTICE NORTHEAST UNIT is estimated to be worth about $86.3M in total as of 26 August 2026, within a range of $70.7M to $101.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRENTICE NORTHEAST UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PRENTICE NORTHEAST UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRENTICE NORTHEAST UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PRENTICE NORTHEAST UNIT generate in a year?
- PRENTICE NORTHEAST UNIT is forecast to net about $19.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRENTICE NORTHEAST UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amoco Production Company |
|---|---|
| Field | Prentice (6700) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 18607 |
| Wellbores | 621 |
| Reported production | 27,618,318 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $86.3M |
Where PRENTICE NORTHEAST 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.