BENNETT
BENNETT 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 40,188 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 $119K, with roughly $22K 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 23 barrels a month. Its strongest month on the record we hold was November 2016, at 183 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 BENNETT
- Who operates BENNETT?
- BENNETT is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is BENNETT?
- BENNETT is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31561.
- Is BENNETT still producing?
- BENNETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BENNETT is August 2026.
- How much has BENNETT produced?
- BENNETT has reported 40,188 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BENNETT worth?
- The remaining production from BENNETT is estimated to be worth about $119K in total as of 26 August 2026, within a range of $65K to $173K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BENNETT is a fraction of it. The estimate fits an Arps decline curve to the production BENNETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BENNETT is an estimate of value, not an offer and not an appraisal.
- How much income does BENNETT generate in a year?
- BENNETT is forecast to net about $22K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BENNETT 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 | 31561 |
| Wellbores | 1 |
| Reported production | 40,188 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $119K |
Where BENNETT 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.