DURGIN, D. B. SEC. 15
DURGIN, D. B. SEC. 15 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Pennzoil Petroleum Company. It has 31 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 418,811 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 $1.3M, with roughly $293K 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 435 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was March 2024, at 661 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 DURGIN, D. B. SEC. 15
- Who operates DURGIN, D. B. SEC. 15?
- DURGIN, D. B. SEC. 15 is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is DURGIN, D. B. SEC. 15?
- DURGIN, D. B. SEC. 15 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 07284.
- Is DURGIN, D. B. SEC. 15 still producing?
- DURGIN, D. B. SEC. 15 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DURGIN, D. B. SEC. 15 is August 2026.
- How much has DURGIN, D. B. SEC. 15 produced?
- DURGIN, D. B. SEC. 15 has reported 418,811 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 31 wellbores.
- How much is DURGIN, D. B. SEC. 15 worth?
- The remaining production from DURGIN, D. B. SEC. 15 is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DURGIN, D. B. SEC. 15 is a fraction of it. The estimate fits an Arps decline curve to the production DURGIN, D. B. SEC. 15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DURGIN, D. B. SEC. 15 is an estimate of value, not an offer and not an appraisal.
- How much income does DURGIN, D. B. SEC. 15 generate in a year?
- DURGIN, D. B. SEC. 15 is forecast to net about $293K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in DURGIN, D. B. SEC. 15 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Ward, South |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 07284 |
| Wellbores | 31 |
| Reported production | 418,811 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where DURGIN, D. B. SEC. 15 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.