PUTNAM
PUTNAM is a Texas oil lease in Throckmorton County, Railroad Commission district 7B, operated by Redwine Oil Company. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 42,665 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 $232K, with roughly $45K 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 59 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was September 2021, at 174 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 PUTNAM
- Who operates PUTNAM?
- PUTNAM is operated by Redwine Oil Company, Railroad Commission of Texas operator number 697105.
- Where is PUTNAM?
- PUTNAM is a Texas oil lease in Throckmorton County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 09863.
- Is PUTNAM still producing?
- PUTNAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PUTNAM is August 2026.
- How much has PUTNAM produced?
- PUTNAM has reported 42,665 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is PUTNAM worth?
- The remaining production from PUTNAM is estimated to be worth about $232K in total as of 26 August 2026, within a range of $128K to $336K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PUTNAM is a fraction of it. The estimate fits an Arps decline curve to the production PUTNAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PUTNAM is an estimate of value, not an offer and not an appraisal.
- How much income does PUTNAM generate in a year?
- PUTNAM is forecast to net about $45K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PUTNAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Redwine Oil Company |
|---|---|
| Field | Throckmorton County Regular |
| County | Throckmorton County, Texas |
| RRC district | 7B |
| Lease number | 09863 |
| Wellbores | 11 |
| Reported production | 42,665 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $232K |
Where PUTNAM 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.