PECAN 47
PECAN 47 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Abraxas Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 299,638 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 $5.2M, with roughly $1.3M 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 1,712 barrels a month. Its strongest month on the record we hold was January 2019, at 15,497 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PECAN 47
- Who operates PECAN 47?
- PECAN 47 is operated by Abraxas Petroleum Corporation, Railroad Commission of Texas operator number 003125.
- Where is PECAN 47?
- PECAN 47 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52088.
- Is PECAN 47 still producing?
- PECAN 47 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PECAN 47 is August 2026.
- How much has PECAN 47 produced?
- PECAN 47 has reported 299,638 barrels of oil (bbl) to the Railroad Commission of Texas between December 2018 and August 2026, from 1 wellbore.
- How much is PECAN 47 worth?
- The remaining production from PECAN 47 is estimated to be worth about $5.2M in total as of 26 August 2026, within a range of $4.3M to $6.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PECAN 47 is a fraction of it. The estimate fits an Arps decline curve to the production PECAN 47 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PECAN 47 is an estimate of value, not an offer and not an appraisal.
- How much income does PECAN 47 generate in a year?
- PECAN 47 is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PECAN 47 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Petroleum Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 52088 |
| Wellbores | 1 |
| Reported production | 299,638 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.2M |
Where PECAN 47 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.