ALLGOOD
ALLGOOD is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Pitts Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 41,219 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 $265K, with roughly $50K 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 64 barrels a month. Its strongest month on the record we hold was June 2022, at 167 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 ALLGOOD
- Who operates ALLGOOD?
- ALLGOOD is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is ALLGOOD?
- ALLGOOD is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31812.
- Is ALLGOOD still producing?
- ALLGOOD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALLGOOD is August 2026.
- How much has ALLGOOD produced?
- ALLGOOD has reported 41,219 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ALLGOOD worth?
- The remaining production from ALLGOOD is estimated to be worth about $265K in total as of 26 August 2026, within a range of $146K to $384K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALLGOOD is a fraction of it. The estimate fits an Arps decline curve to the production ALLGOOD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALLGOOD is an estimate of value, not an offer and not an appraisal.
- How much income does ALLGOOD generate in a year?
- ALLGOOD is forecast to net about $50K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALLGOOD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitts Energy Co. |
|---|---|
| Field | Scott (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 31812 |
| Wellbores | 1 |
| Reported production | 41,219 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $265K |
Where ALLGOOD 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.