DANIEL UNIT
DANIEL UNIT 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 30,433 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 $212K, with roughly $40K 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 57 barrels a month. Its strongest month on the record we hold was December 2016, at 122 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 DANIEL UNIT
- Who operates DANIEL UNIT?
- DANIEL UNIT is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is DANIEL UNIT?
- DANIEL UNIT is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32428.
- Is DANIEL UNIT still producing?
- DANIEL UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DANIEL UNIT is August 2026.
- How much has DANIEL UNIT produced?
- DANIEL UNIT has reported 30,433 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is DANIEL UNIT worth?
- The remaining production from DANIEL UNIT is estimated to be worth about $212K in total as of 26 August 2026, within a range of $116K to $307K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DANIEL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production DANIEL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DANIEL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does DANIEL UNIT generate in a year?
- DANIEL UNIT is forecast to net about $40K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DANIEL UNIT 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 | 32428 |
| Wellbores | 1 |
| Reported production | 30,433 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $212K |
Where DANIEL 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.