KELLEY
KELLEY is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Pitts Energy Co. It has 2 wellbores on file with the Commission. Reported production runs from February 2020 to August 2026, totalling 44,438 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 $1.8M, with roughly $395K 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 532 barrels a month, about 266 per wellbore. Its strongest month on the record we hold was June 2020, at 948 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 KELLEY
- Who operates KELLEY?
- KELLEY is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is KELLEY?
- KELLEY is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53409.
- Is KELLEY still producing?
- KELLEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KELLEY is August 2026.
- How much has KELLEY produced?
- KELLEY has reported 44,438 barrels of oil (bbl) to the Railroad Commission of Texas between February 2020 and August 2026, from 2 wellbores.
- How much is KELLEY worth?
- The remaining production from KELLEY is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KELLEY is a fraction of it. The estimate fits an Arps decline curve to the production KELLEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KELLEY is an estimate of value, not an offer and not an appraisal.
- How much income does KELLEY generate in a year?
- KELLEY is forecast to net about $395K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KELLEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitts Energy Co. |
|---|---|
| Field | Collie (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 53409 |
| Wellbores | 2 |
| Reported production | 44,438 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where KELLEY 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.